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Mujer de espaldas frente a micrófonos en un auditorio universitario lleno de público en Caracas
Rueda de prensa en un auditorio universitario en Caracas. · Imagen generada para EPM

Machado returns, thanks Trump and questions the oil agreement

María Corina Machado held her first press conference in Caracas after returning from 10 months in exile.

--- The context --- Opposition leader and Nobel Peace Prize laureate María Corina Machado returned to Venezuela after 10 months in exile and held a press conference since coming back. She spoke in a country debating new presidential elections and the terms of an oil agreement signed in August. --- The facts --- Machado said she returned to mobilize society ahead of new presidential elections. She stated that Secretary of State Marco Rubio set out a sequence to move toward a democratic transition that, in her account, makes clear presidential elections will be held in 2027. That reference to 2027 is what she said about the sequence she attributed to Rubio, not an official date fixed by the electoral authority. She thanked President Donald Trump, the United States government and Rubio because, in her words, thanks to their vision, courage and action on January 3, the gate to freedom was opened. That action led to the capture of Nicolás Maduro and connects, in her argument, with the victory she attributed to July 28, 2024, and with the civic effort of 2023. On January 15, at her first meeting with Trump at the White House, Machado gave him the medal of her Nobel Peace Prize, and the Nobel Peace Center clarified that day that the title is not transferred. On oil, Machado said the agreement signed in August gives the United States management of 20 % of Venezuela oil reserves and does not reflect the levels of transparency that Venezuelan society wants. When acting president Delcy Rodríguez announced it, she said it would last 25 years, covers 17 strategic fields and, with a barrel at US$ 65, Venezuela would receive about US$ 209.000 million in taxes, close to $ 669 billones as presented, retaining ownership and sovereignty over its resources. Machado reappeared on Sunday, October 25, in Barquisimeto and traveled about 400 kilometres by road to Caracas in a caravan welcomed by thousands of people. She had left in secret on December 10, 2025, bound for Oslo to receive the Nobel, and her team reported at least seven failed attempts to return. Before the press conference she met with her party, with relatives of political prisoners and with 33 leaders. --- The positions --- Machado said it is time to heal the country and that her return seeks to mobilize society, emphasizing citizen participation, the release of political prisoners and clear rules for oil. She insisted that the August agreement falls short on transparency. She also thanked countries and organizations that backed the Venezuelan cause, with special mention of the Government of Panama, where she stayed before her return. Rodríguez, who took power on January 5, announced on national broadcast at 11:00 a. m., one hour before the press conference, that the country will have elections, but gave no date. In her account, there will be all the elections required by the Constitution, organized by a renewed electoral authority and with the world as witness. Days earlier, Rodríguez had said Machado could have spared herself the caravan spectacle because the airports were available. Rubio attributed the conditions for Machado safe return to reconciliation talks supported by the United States, which already allowed the release of hundreds of political prisoners, and said Washington asked the interim authorities to let her return. Trump said that Sunday that he knew nothing about the return. Machado remains barred from being a candidate, and the opposition denounced as fraudulent the 2024 presidential vote. --- What remains unknown --- There is still no official date for the elections Rodríguez announced and no public confirmation of the sequence toward 2027 that Machado attributed to Rubio. The verification mechanisms for the agreement remain unknown, as does any definition regarding her eligibility. --- Unanswered questions --- When will the electoral authority announce a concrete date for the elections Rodríguez promised without setting a day? Will the full text of the oil agreement be published so its reach over 20 % of reserves can be verified? Will Machado be allowed to run despite remaining barred today? --- EPM analysis --- Two narratives stood side by side: a transition sequence with a 2027 electoral horizon, as Machado presented Rubio planning, and constitutional elections without a date, as Rodríguez announced them. Between both, oil concentrates the underlying dispute and requires public verification. 📌 EPM Take: In EPM's view, the immediate priority should be turning promises into verifiable facts: publish the full oil agreement, specify the transition sequence with responsibilities and checkable timelines, and sustain the citizen mobilization Machado came to drive without replacing it with announcements. Her gratitude toward Trump and Rubio explains the origin of the change, but it does not replace the transparency she herself demanded. If the gate to freedom opened on January 3, keeping it open requires elections with a date, political prisoners released and clear accounts for every barrel, so that the hope of these days does not depend only on crossed statements between Caracas and Washington.
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