Former United States special representative for Venezuela Elliott Abrams has condemned a new £74bn ($100bn) oil deal between Washington and Caracas, branding it a 'terrible deal' and likening it to a new form of colonialism.
The sweeping pact, signed in Caracas on Wednesday, hands a US-led private entity century-long concessions over 17 major Venezuelan oilfields, sparking criticism from diplomats who once helped shape American policy in the region.
