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Venezuela Opens the Oil Sector After Pressure From the Usa

Summary by Der Standard AT
After the US hijacked the Venezuelan president and launched a sea blockade, the country's new leadership has now opened up its oil sector to private investors – just as Donald Trump wanted it to.

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After the US hijacked the Venezuelan president and launched a sea blockade, the country's new leadership has now opened up its oil sector to private investors – just as Donald Trump wanted it to.

·Vienna, Austria
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The nationalized oil industry will be opened to private investment. The United States in particular wants to get involved.

The United States lifted sanctions on Venezuelan oil, following Caracas' historic decision to open the sector to the private sector.

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20 Minuten broke the news in on Friday, January 30, 2026.
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