US-APPOINTED COUP LEADER JUAN GUAIDÓ AND HIS RIGHT-WING ECONOMIC ADVISERS DRAFTED PLANS TO PRIVATIZE VENEZUELA’S OIL INDUSTRY AND OPEN UP THE OIL-RICH COUNTRY TO FOREIGN CORPORATIONS, REUTERS REPORTED. | WHAT REALLY HAPPENED


US-APPOINTED COUP LEADER JUAN GUAIDÓ AND HIS RIGHT-WING ECONOMIC ADVISERS DRAFTED PLANS TO PRIVATIZE VENEZUELA’S OIL INDUSTRY AND OPEN UP THE OIL-RICH COUNTRY TO FOREIGN CORPORATIONS, REUTERS REPORTED.

The international news agency Reuters has confirmed that Venezuela’s US-appointed coup leader Juan Guaidó and his right-wing economic advisers drafted a plan to privatize the country’s petroleum industry and open up the oil-rich South American country to foreign corporations.

This privatization scheme will be difficult to implement, however, given the Venezuelan government still remains under the control of its elected leftist president, Nicolás Maduro, and the coup attempt led by the Donald Trump administration has thus far failed.

The Grayzone reported on the opposition’s moves to try to privatize Venezuela’s oil industry immediately after the coup attempt began nearly two months ago, at a time when corporate media outlets were largely ignoring this key detail and instead portraying the conflict as a supposed “humanitarian crisis.”

In a March 12 report titled “Venezuela’s Guaido readies to open up oil industry after years of nationalization,” Reuters outlined plans by the opposition to partially privatize Venezuela’s state-owned oil company PDVSA.

Reuters euphemistically noted, “The proposal could provide ammunition for Maduro’s claims that Guaido is a puppet for foreign interests.”

Webmaster's Commentary: 

Color me completely unsurprised at this development.

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