Letter to the Editor NYT — On the U.S.-Venezuela Oil Deal

 Letter to the Editor NYT — On the U.S.-Venezuela Oil Deal

To the Editor:


Recent reporting on the U.S.-Venezuela oil pact, and on intermediary firms now surfacing around it, points to a troubling pattern: a historic chance for Venezuela's recovery is being negotiated in the dark.

I write as someone with family ties to Venezuela's oil sector going back to the 1930s, and to Basque immigrants who found opportunity there. Venezuelans have endured nearly three decades of institutions captured by corrupt insiders. A 25-year deal covering 65 billion barrels, struck without competitive bidding or public disclosure of who stands to profit, risks repeating that pattern under a new flag.


Transparency -- clear ownership, open bidding, public accounting of proceeds -- is not a technicality. It is the difference between rebuilding a free Venezuela and simply changing which insiders control its wealth.


Mikel de Elguezabal Méndez, 73492846A

Navarra, Spain

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