Venezuela's New Political Landscape: Rodriguez's Reform Agenda

Venezuela's interim President Delcy Rodriguez proposed reforms to the hydrocarbon law aimed at attracting U.S. investment in the oil industry, with funds directed towards workers and public services. Following the U.S. ouster of Nicolas Maduro, Rodriguez emphasized diplomacy with the U.S. and outlined her political plan for Venezuela by 2026.

Venezuela's interim President Delcy Rodriguez announced a proposed reform to the country's hydrocarbon law, aiming to attract U.S. investment into Venezuela's oil industry. Rodriguez emphasized that these reforms would enable investment in untapped oil fields and those lacking infrastructure. The revenue from oil will primarily support workers and public services.

Rodriguez stepped into her role following the U.S. capture of former President Nicolas Maduro who faces drug charges in the U.S. In her annual address, Rodriguez advocated for improved diplomatic relations with Washington, signaling a departure from the historically strained ties. She expressed readiness to engage diplomatically with the U.S., even contemplating a visit to Washington.

In outlining her 2026 plan, Rodriguez expressed her vision for a new political era in Venezuela, applauding veteran government members. This development coincides with opposition leader Maria Corina Machado's White House meeting with U.S. President Donald Trump, who remains supportive yet noncommittal towards Machado as a viable future leader for Venezuela.

(With inputs from agencies.)