By Our Reporter
The United States says it plans to prioritise the revival of Venezuela’s oil sector, with American energy companies prepared to invest billions of dollars to repair and modernise ageing infrastructure, a move Washington claims will translate into jobs, higher national revenue and improved living conditions for ordinary Venezuelans.
U.S. President Donald Trump said renewed crude production would serve as the backbone of Venezuela’s economic recovery, arguing that restoring the oil industry would stabilise public finances, boost social services and help reverse years of economic hardship caused by declining output and mismanagement.
According to the White House, the oil-focused strategy forms part of a broader transitional framework under which the United States will temporarily oversee key state functions to prevent further institutional collapse and ensure that national resources are managed transparently for public benefit.
Venezuela, once one of the world’s leading oil producers, has seen production plummet over the past decade due to underinvestment, sanctions, corruption and political instability, leaving its economy in crisis despite vast proven reserves.
U.S. officials say the arrest of President Nicolás Maduro followed repeated failures to achieve a negotiated political transition, insisting that intervention became unavoidable after prolonged repression and economic decline.
Washington maintains that the proposed reforms, anchored on energy-sector recovery, are intended to lay the groundwork for democratic governance, economic stability and long-term prosperity for Venezuelans, while warning that attempts to obstruct the transition will be met with firm consequences.