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5 things to know about Venezuela’s oil industry, US involvement

admin January 6, 2026
5 things to know about Venezuela's oil industry, US involvement

<div>5 things to know about Venezuela's oil industry, US involvement</div>


President Donald Trump asserted over the weekend that reopening Venezuela and its vast crude oil reserves to American oil companies is a key goal as the United States seeks to “run” the OPEC country, following the U.S. capture of former Venezuelan dictator Nicolás Maduro. Here are five key facts about the oil industry in Venezuela.

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