Venezuela Oil Revenues Remain Opaque Despite U.S.-Backed Oversight Push: Report

Source: International Business Times

Audits, tracking systems and political promises have yet to reveal where billions in oil income are going. AFP Despite sweeping pledges of accountability following the ouster of President Nicolás Maduro, Venezuela's oil industry remains largely opaque, with little public clarity on how revenue from crude exports is being handled, according to a new report. President Donald Trump had said Washington would oversee the country's oil sales, while Venezuelan authorities pledged public tracking of revenues and outside audits.