As per the Venezuela’s Presidential election result declared on 14 April 2013, Nicolas Maduro emerged as the winner. However, the opposition refused to accept the result. It alleged that elections were rigged.Maduro won 50.7 percent votes while his main opposition candidate Henrique Capriles Radonski managed 49.1 percent votes with more than 99 percent of the ballots counted. The voters turnout was more than 78 percent of eligible voters. Maduro was named as Hugo Chavez’s successor in his last speech to the nation before dying from cancer in March 2013. Maduro had been serving as acting president since Chavez’s death.
Nicolas Maduro was a candidate for the United Socialist Party of Venezuela wheras Radonski represented a coalition of opposition parties.
Venezuela holds the world’s largest oil reserves. Since Maduro is the handpicked successor the International and economical policies of Venezuela can be the same even after Chavez’s death.