Can US oil giants strike gold in Venezuela? Trump's big bet on stability and vast reserves

Oil,Venezuela,Trump Administration

Posted on AllSides January 5, 2026

The National Desk

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The Trump administration is hoping to revive Venezuela's oil industry and persuade American companies to reenter the country after the arrest of Venezuelan President Nicolás Maduro, a challenging proposition after years of mismanagement and an uncertain outlook on its political future.

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