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Trump Has Big Plans for Venezuela's Oil but Are They Feasible?

Summary by BBC News
The US president wants American energy firms to start extracting the crude but they are reluctant.

3 Articles

Lean Left

After US President Donald Trump oversaw the capture of his Venezuelan counterpart Nicolás Maduro last month, he vowed to exploit the country's oil reserves - the largest in the world. But for the American oil firms that Trump wants to get into Venezuela, the question is simple - do the numbers match up? In Trump's eyes, the raid that toppled President Maduro is a huge business opportunity for the US oil sector, especially now that Venezuelan law…

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Repsol celebrates the expected arrival in Spain of one of the three shipments that it has purchased from the first oil that leaves Venezuela after the intervention of this country by the...

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Expansión broke the news in on Sunday, February 15, 2026.
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