Machado says Venezuela needs 'more than money' after US oil deal

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CARACAS — Venezuelan opposition figure Maria Corina Machado on Thursday called for a democratic transition in her country after the interim government struck a massive oil deal with the United States.

access to more than 65 billion barrels — almost 20 percent — of oil in Venezuela, which holds the largest proven reserves in the world.

President Donald Trump and Venezuelan interim leader Delcy Rodriguez both sidelined the notion of elections in the near future.

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CARACAS — Venezuelan opposition figure Maria Corina Machado on Thursday called for a democratic transition in her country after the interim government struck a massive oil deal with the United States. access to more than 65 billion barrels — almost 20 percent — of oil in Venezuela, which holds the largest proven reserves in the world. President Donald Trump and Venezuelan interim leader Delcy Rodriguez both sidelined the notion of elections in the near future.

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Machado, a Nobel Peace Prize laureate, said genuine development required a democratic transition.
"The oil sector is only one part of the immense reconstruction we must undertake in Venezuela," she said in a video statement.
The South American country "requires colossal investments," she said, "but it needs much more than money." "No development is possible without solid institutions and a government elected by popular vote,"...

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Celebrating the "historic" pact on Wednesday, U.S.

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