# Why the US Wants an Even Bigger Role in Venezuela’s Oil Industry

https://mins.news/en/item/36039

- Bloomberg News, 2026-08-28 18:25 UTC
- Economy
- Original: https://www.bloomberg.com/news/articles/2026-08-28/why-the-us-wants-a-stake-in-venezuela-s-oil?link_source=ta_bluesky_link&taid=6a91d2a48f085800017b59ec

> Venezuela no longer produces oil at its former scale, but it still holds some of the world’s largest reserves. After the US seized then-President Nicolás Maduro on Jan. 3, Washington restored diplomatic ties and began working with interim President Delcy Rodríguez’s government in Caracas. The relationship remains conditional, with Donald Trump calling Venezuela the “51st state” and saying the US will “rebuild” its underproducing oil industry.

## Stories

- [US Venezuela Oil and Diplomatic Relations](https://mins.news/en/topic/us-venezuela-oil-relations) — Markdown: https://mins.news/en/topic/us-venezuela-oil-relations.md

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