Venezuela Leader Pressed From All Sides Over Oil Industry Plans

Venezuela’s interim leader is playing to three different audiences with her plans for Venezuela’s oil sector: foreign investors, the Donald Trump administration, and her own socialist supporters. None of them is happy with it.

Under pressure from Washington, acting President Delcy Rodríguez is seeking to revive the nation’s energy industry by opening it to foreign oil companies. The plans have sparked a backlash from across the political spectrum.

Some of Rodríguez’s allies in congress and the labor unions see her hydrocarbons law as a betrayal of her mentor, former President Hugo Chávez, who increased state control over the sector. ...