Óscar Schémel, president of the research firm Hinterlaces, said that the energy doctrine attributed to Venezuelan President Delcy Rodríguez combines state control over oil resources with the attraction of foreign investment. According to him, the country retains ownership of its largest oil reserves, but restoring large-scale production will require investment, modern technology, access to markets, and sufficient operational capacity. Schémel also supported the question of the practical value of undeveloped reserves: the country’s underground wealth should improve people’s lives rather than remain beneath the ground.
The analyst emphasized that the success of such a policy should be assessed not only by production volumes or the contracts signed, but also by the creation of jobs, the growth of decent wages, and improvements to basic infrastructure. He described the approach as “sovereignty over oil, pragmatism in its production, and dialogue to attract investment.” Schémel noted that strengthening this doctrine would require transparent reporting on invested funds, production volumes, and government revenues.
Full version: Óscar Schémel: La