January 3, 2026
Venezuela’s Broken Oil Industry and Trump’s Plan to Rebuild It After Maduro’s Ouster
Aging infrastructure, frequent blackouts, and poor maintenance have turned Venezuela’s once-vast oil network into a safety and reliability risk.
TL;DR
- Venezuela holds the world's largest proven oil reserves.
- The country's oil industry has drastically declined due to mismanagement, underinvestment, and sanctions.
- President Donald Trump announced U.S. forces captured Venezuelan President Nicolás Maduro.
- The U.S. will temporarily run Venezuela to allow U.S. oil companies to rebuild infrastructure.
- U.S. companies are expected to invest billions to fix and operate the oil infrastructure.
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