Venezuela’s acting president calls for oil industry reforms to attract more foreign investment

Venezuela's acting President Delcy Rodriguez delivers her first state of the union address at the National Assembly in Caracas, Venezuela, Thursday, Jan. 15, 2026. (AP)
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Updated 16 January 2026
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Venezuela’s acting president calls for oil industry reforms to attract more foreign investment

  • In her speech, Rodríguez said money earned from foreign oil sales would go into two funds: one dedicated to social services for workers and the public health care system, and another to economic development and infrastructure projects

CARACAS, Venezuela: Venezuela’s acting President Delcy Rodriguez used her first state of the union address on Thursday to promote oil industry reforms that would attract foreign investment, an objective aggressively pushed by the Trump administration since it toppled the country’s longtime leader less than two weeks ago.
Rodríguez, who has been under pressure from the US to fall in line with its vision for the oil-rich nation, said sales of Venezuelan oil would go to bolster crisis-stricken health services, economic development and other infrastructure projects.
While she sharply criticized the Trump administration and said there was a “stain on our relations,” the former vice president also outlined a distinct vision for the future between the two historic adversaries, straying from her predecessors, who have long railed against American intervention in Venezuela.
“Let us not be afraid of diplomacy” with the US, said Rodriguez, who must now navigate competing pressures from the Trump administration and a government loyal to former President Nicolás Maduro.
The speech, which was broadcast on a delay in Venezuela, came one day after Rodríguez said her government would continue releasing prisoners detained under Maduro in what she described as “a new political moment” since his ouster.
Trump on Thursday met at the White House with Venezuelan opposition leader María Corina Machado, whose political party is widely considered to have won 2024 elections rejected by Maduro. But in endorsing Rodríguez, who served as Maduro’s vice president since 2018, Trump has sidelined Machado.
In her speech, Rodríguez said money earned from foreign oil sales would go into two funds: one dedicated to social services for workers and the public health care system, and another to economic development and infrastructure projects.
Hospitals and other health care facilities across the country have long suffered. Patients are asked to provide practically all supplies needed for their care, from syringes to surgical screws. Economic turmoil, among other factors, has pushed millions of Venezuelans to migrate from the South American nation in recent years.
In moving forward, the acting president must walk a tightrope, balancing pressures from both Washington and top Venezuelan officials who hold sway over Venezuela’s security forces and strongly oppose the US Her recent public speeches reflect those tensions — vacillating from conciliatory calls for cooperation with the US, to defiant rants echoing the anti-imperialist rhetoric of her toppled predecessor.
American authorities have long railed against a government they describe as a “dictatorship,” while Venezuela’s government has built a powerful populist ethos sharply opposed to US meddling in its affairs.
For the foreseeable future, Rodríguez’s government has been effectively relieved of having to hold elections. That’s because when Venezuela’s high court granted Rodríguez presidential powers on an acting basis, it cited a provision of the constitution that allows the vice president to take over for a renewable period of 90 days.
Trump enlisted Rodríguez to help secure US control over Venezuela’s oil sales despite sanctioning her for human rights violations during his first term. To ensure she does his bidding, Trump threatened Rodríguez earlier this month with a “situation probably worse than Maduro.”
Maduro, who is being held in a Brooklyn jail, has pleaded not guilty to drug-trafficking charges.
Before Rodríguez’s speech on Thursday, a group of government supporters was allowed into the presidential palace, where they chanted for Maduro, who the government insists remains the country’s president. “Maduro, resist, the people are rising,” they shouted.


US judge blocks Trump admin from detaining refugees in Minnesota

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US judge blocks Trump admin from detaining refugees in Minnesota

MINNEAPOLIS: A US federal judge temporarily blocked the administration of President Donald Trump Wednesday from detaining refugees in Minnesota awaiting permanent resident status and ordered the release of those in detention.
Trump has sent thousands of federal immigration agents to the Democratic state as part of a sweeping crackdown that has sparked outrage over two civilian deaths at the hands of officers.
Authorities launched a program this month to re-examine the legal status of the approximately 5,600 refugees in Minnesota who have not yet been given green cards.
In his order Wednesday, US District Judge John Tunheim said that the Trump administration could continue to enforce immigration laws and review refugees’ status, but that it must do so “without arresting and detaining refugees.”
“Refugees have a legal right to be in the United States, a right to work, a right to live peacefully — and importantly, a right not to be subjected to the terror of being arrested and detained without warrants or cause in their homes or on their way to religious services or to buy groceries,” Tunheim wrote.
“At its best, America serves as a haven of individual liberties in a world too often full of tyranny and cruelty. We abandon that ideal when we subject our neighbors to fear and chaos.”
The order drew a quick rebuke from White House Deputy Chief of Staff Stephen Miller, a powerful figure who leads Trump’s hard-line immigration policy.
“The judicial sabotage of democracy is unending,” Miller wrote on X.
Tunheim’s order requires any refugee detained under the Minnesota status review, known as Operation PARRIS, to be “immediately released from custody.”
Refugees awaiting their permanent resident status “have undergone rigorous background checks and vetting, been approved by multiple federal agencies for entry, been given permission to work, received support from the government, and been resettled in the United States,” Tunheim wrote.
“These individuals were admitted to the country, have followed the rules, and are waiting to have their status adjusted to lawful permanent residents of the United States.”