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U.S. will look to tap Venezuelan oil reserves, Trump says

January 3, 2026

President Donald Trump announced plans to leverage Venezuela's oil reserves following the potential removal of President Nicolás Maduro. He emphasized that U. S. oil companies would invest significantly to revitalize the country's oil infrastructure, which has been underutilized.

U.S. will look to tap Venezuelan oil reserves, Trump says

Credit: Nbcnews

Key Highlights

Trump stated that Maduro's removal would enable access to Venezuela's vast oil reserves.
U. S. oil companies are expected to invest billions to repair and enhance oil infrastructure.
Venezuela's current oil production is significantly lower than its potential.

Sources

U.S. will look to tap Venezuelan oil reserves, Trump says

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

U.S. will look to tap Venezuelan oil reserves, Trump says

Key Highlights

Sources

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