Venezuela's interim President Delcy Rodriguez links elections to sanctions relief

  • Delcy Rodriguez said Venezuela and the US are working toward sanctions relief and an electoral process.
  • Chevron and Eni announced plans Wednesday to expand their operations in Venezuela.
  • Chris Wright visited Caracas as Washington and Caracas negotiated Venezuela's political and economic future.

Venezuela's interim President Delcy Rodriguez said Wednesday that her government is working with the US to lift sanctions and establish conditions for an electoral process, without setting a date or detailing the requirements. Her comments came as US Energy Secretary Chris Wright visited Caracas for talks on expanding oil production, attracting foreign investment and increasing capital flows into the energy sector. The Venezuelan government said the discussions covered investment mechanisms, joint projects and other energy measures. Chevron and Eni announced plans to expand their Venezuelan operations, underscoring a shift in relations after years of US sanctions. The administration of US President Donald Trump has gradually eased some energy-sector restrictions while seeking greater US involvement in Venezuela's oil industry. Trump said Venezuela was "not ready yet" for elections but praised Rodriguez's performance as interim president.

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Venezuela's interim President Delcy Rodriguez links elections to sanctions relief - CoinPost Terminal