Trump Faces Hurdles Reviving Venezuela’s Oil Sector
After the seizure of Nicolás Maduro, President Trump aims to revitalize Venezuela’s oil sector home to the world’s largest reserves to lower global energy costs and fund the nation's reconstruction. However, industry experts and major oil firms like ExxonMobil are skeptical, citing the disastrous state of Venezuela’s infrastructure after decades of neglect and the flight of skilled engineers. The technical challenges are immense, as Venezuelan crude is 'heavy' and 'sour,' making it significantly more expensive and difficult to refine compared to Saudi oil. Furthermore, private companies are hesitant to commit the requested $100 billion in investment due to the lack of U.S. security guarantees against local paramilitaries and the lingering memory of past government seizures of foreign assets.








