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The Guardian - UK
The Guardian - UK
World
Tom Phillips Latin America correspondent

Venezuelan opposition up in arms over reports US wants big stake in oil and gas

An oil pumpjack near a refinery
An oil pumpjack on Lake Maracaibo in Cabimas, Zulia state, Venezuela. Photograph: Gaby Oraa/Bloomberg via Getty Images

Reports that the US is preparing to claim a big stake in Venezuela’s massive energy reserves have sparked an outcry, with critics describing the move as “predatory” and a “rapacious” land grab.

Several media outlets this week reported that the Trump administration – which abducted Venezuela’s authoritarian president, Nicolás Maduro, in January and has steered the South American country ever since – hopes to secure long-term access to its oil and gasfields.

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