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US's big plans for Venezuela's oil face political, economic challenges

Spluk.ph by Spluk.ph
January 5, 2026
in Business & Economy
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US's big plans for Venezuela's oil face political, economic challenges
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US President Donald Trump has made no secret of his need for American corporations to take management of Venezuela’s large oil reserves. However the dilapidated state of the nation’s petroleum infrastructure will make exploiting these reserves tough and costly. In the meantime, China is going through the lack of one among its key suppliers of bitter, heavy crude. We take a more in-depth look on this version.



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Tags: BigChallengesEconomicFaceOilplanspoliticalUS039sVenezuela039s
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