Trump officials and their Venezuelan allies have promised a new era of accountability to unlock Venezuela’s immense oil wealth. But the country’s oil industry remains a black hole.
U.S. and Venezuelan officials have promised a new era of accountability for Venezuela’s lucrative oil industry after the downfall of President Nicolás Maduro.
President Trump said the United States would control Venezuelan oil sales. Venezuela would submit monthly budgets to the White House, the Trump administration said, and the United States said it hired auditors to check receipts.
Venezuela’s new leader and Mr. Trump’s ally, Delcy Rodríguez, said the public could trace every oil dollar on a new website.
