US EditionUS energy secretary set to arrive in Venezuela with Herculean task of oil recovery
- U.S. Energy Secretary Chris Wright plans to visit Venezuela to discuss the future leadership of the state-run oil company PDVSA with government leaders, as reported by Politico.
- Wright stated that he aims to improve PDVSA's management and initiate reforms for its future leadership, noting it has declined in competence.
- Wright emphasized that U.S. intervention is not driven by oil supply but highlights that Venezuela poses a geopolitical threat to its neighbors, according to his interview with Politico.
- He mentioned upcoming democratic elections in Venezuela within 18 to 24 months and supported further legal reforms to attract investment in the oil sector.
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US energy secretary set to arrive in Venezuela with Herculean task of oil recovery
Venezuela will host U.S. Secretary of Energy Chris Wright this week, marking the highest-level U.S. visit focused on energy policy to the OPEC nation in nearly three decades as Washington conducts its first on-the-ground assessment of the oil industry it is proposing to rebuild.
Energy Secretary Plans Venezuela Trip, Says Country's Oil Wealth Is 'Coincidental' to U.S. Move Against Maduro
Wright described the situation instead as a geopolitical matter, calling Venezuela under Maduro "a threat to all of its neighbors" and "a threat to the Western hemisphere"
The U.S. Treasury Department issued a general licence on Thursday (10) authorising the supply of goods, technology, software or use by Americans to explore, develop or produce oil leo and g s in Venezuela, allowing long-term waiting for the product to be increased (02/10/2026 more) (02/10/2026)
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