Reported by Al Jazeera
This comes as leading opposition leader, Maria Corina Machado, returns to Venezuela and hints at criticism of Trump administration.
The United States has urged Venezuela to continue on a phased plan of economic recovery and political reconciliation before embarking on democratic elections.
Secretary of State Marco Rubio discussed the gradual plan during a meeting on the country’s political future with Venezuelan Minister of Foreign Affairs Oliver Blanco on Monday. The meeting comes nearly a year after US forces abducted former Venezuelan President Nicolas Maduro from Caracas and brought him to the US to face drug trafficking and other charges.
More from the original report
Neither Rubio nor Blanco spoke to the media after the meeting, but in a readout. The State Department said in a readout that Washington had reaffirmed President Donald Trump’s “three-phase plan for Venezuela: stabilization, economic recovery and political reconciliation, and democratic transition”.
Last week, Venezuelan opposition leader Maria Corina Machado returned to her country, thanking the US president and Rubio for their support. Machado, a Nobel Peace Prize laureate who gifted her medal to Trump in 2025, said she had come to organise a movement in preparation for Venezuelan elections.
Rubio “has set out a sequence of events aimed at moving toward a democratic transition that makes clear the holding of presidential elections in 2027”, she said.
Machado is balancing an election campaign with a Trump administration that has sought to extract oil from Venezuela by striking deals with the government of interim President Delcy Rodriguez, who served as Maduro’s vice president and took over after his abduction.
In September, the Trump administration said it had struck a deal with Venezuela that would give Washington a stake in about one-fifth of the country’s oil resources.
The US said it was creating a joint venture with North American Blue Energy Partners (NABEP), owned by Venezuelan businessman Alejandro Betancourt, which is the second-largest private oil operator in Venezuela, behind Chevron.
Under the deal, Caracas is giving the company 100-year rights over 17 oilfields with proven reserves of 65 billion barrels. The Pentagon will have a 35 percent stake in NABEP, and the US…