Venezuela Says It Retains Sovereignty Following US Oil Deal Venezuela's interim President Delcy Rodriguez claims her country is preserving its sovereignty despite a deal with Washington to hand over the rights to billions of barrels of oil.
But what does this really mean for Caracas? Is it possible for a nation to claim ownership while ceding control to foreign companies?
The US has announced a deal that would grant partial control of Venezuela's vast oil reserves to foreign companies, including US firms like Chevron.