Washington seeks a significant increase in Venezuela's oil production
U.S. Energy Secretary Chris Wright has pledged to push for a substantial increase in Venezuela's oil production following discussions with interim President Delsy Rodriguez in Caracas.
U.S. Energy Secretary Chris Wright recently met with interim Venezuelan President Delsy Rodriguez in Caracas, where he emphasized the importance of boosting Venezuela's oil production significantly. Wright mentioned that a surge in production could enhance the quality of life for all Venezuelans and suggested that U.S. sanctions on Venezuelan oil have nearly come to an end. This marks the highest-level visit from a Trump administration official since the arrest of Venezuelan President Nicolas Maduro in a military operation earlier this year.
During the meeting, Wright reiterated President Donald Trump's commitment to fundamentally change the relationship between the United States and Venezuela. The U.S. government aims to foster a long-term partnership with Venezuela, focusing on collaboration between American companies and the Venezuelan energy sector, which is seen as crucial for both countries. U.S. social media, including posts from the U.S. Embassy in Venezuela, highlighted Wright's engagement, which included plans for the U.S. private sector to play a pivotal role in revitalizing Venezuela's oil industry and modernizing its electricity grid.
This move comes at a time when the global energy landscape is shifting, and the U.S. is looking to ally with countries that can contribute to its energy needs. The potential resumption of oil production in Venezuela, a country with some of the largest oil reserves, could have significant implications not just for the Venezuelan economy but also for global oil markets, particularly as countries seek to diversify their energy sources away from traditional powers.