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Latin Times
Latin Times
Politics
Pedro Camacho

The New Crude Rush: Oil Executives Gamble on Venezuela to Bypass Middle East Chaos

A mural of an oil field in the streets of Caracas, Venezuela (Credit: AFP)

Oil companies are showing renewed interest in Venezuela's energy sector as concerns over Middle East supply disruptions reshape global investment calculations, according to industry officials, attorneys and consultants familiar with ongoing negotiations cited in a new sprawling report by POLITICO.

The shift comes after months of hesitation following the U.S.-backed removal of Nicolás Maduro in January and the Trump administration's subsequent effort to encourage foreign investment in Venezuela's oil industry.

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