🏛️💰 US-controlled Venezuela oil sales and investment push

Oneliner

The U.S. has generated over $1 billion from oil sales in Venezuela since the capture of President Nicolás Maduro, with an additional $5 billion expected soon. U.S. Energy Secretary Chris Wright announced over $100 million in investments to modernize Chevron's operations, aiming to double production capacity within 12 to 18 months. While optimistic about growth, experts caution that achieving these targets will be challenging due to Venezuela's deteriorating infrastructure and ongoing political instability.

Key points

• US oil sales from Venezuela have generated over $1 billion since Maduro's capture.
• An additional $5 billion is expected in the coming months from ongoing sales.
• The US plans to invest over $100 million to modernize Chevron's operations in Venezuela.
• Chevron aims to double its production capacity within 12 to 18 months.

Links

• El Mundo: Trump confirma el romance político con Delcy: "Las relaciones son extraordinarias"
• Reuters: US-led oil sales from Venezuela to bring in $5 billion in months, energy chief Wright tells NBC News
• Reuters: Venezuela national assembly postpones debate on amnesty law
• El País: El secretario de Energía de Estados Unidos anuncia inversiones millonarias en petróleo venezolano
• BFMTV: Maurel & Prom va exploiter du pétrole au Venezuela

Facts

• Over $1 billion generated from U.S. oil sales in Venezuela since January 2026.
• An additional $5 billion expected from ongoing sales in the coming months.
• Investment of over $100 million announced for Chevron's operations.
• Chevron aims to double production capacity within 12 to 18 months.

Quotes

• Sales today are over a billion dollars, and in fact, we have sort of short-term agreements over the next few months that will bring in another $5 billion — Chris Wright
• The agenda of the United States Secretary of Energy with Venezuela has a very clear geopolitical orientation — Rafael Quirós

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