U.S. will look to tap Venezuelan oil reserves, Trump says
NBC News••general
Key Points:
- President Donald Trump announced that removing Venezuelan President Nicolás Maduro would allow U.S. oil companies to access and invest in Venezuela’s vast oil reserves, potentially reshaping the global energy market.
- Venezuela holds the world's largest oil reserves, estimated at around 300 billion barrels, but its oil infrastructure is outdated and heavily damaged, requiring billions in investment and political stability to restore production.
- Trump claimed the U.S. would temporarily manage Venezuela’s oil industry and maintain the current embargo on Venezuelan oil, while planning to sell large quantities of oil internationally, including to countries like China, Russia, and Iran.
- China condemned the U.S. raid and Maduro’s capture, denouncing it as a violation of international law and threatening regional peace, highlighting the
