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politics7h ago
Maduro says the real reason for Trump’s Venezuela fixation is oil – is he right?
- Maduro claims the US military buildup around Venezuela is motivated by oil, citing Venezuela's large reserves as a key factor.
- Analysts say oil could be a motive but not the main driver, describing a broader set of strategic and economic factors.
- PDVSA holds significant control in Venezuela's oil operations, with Chevron and other international partners sharing production.
- Chevron resumed substantial activity amid easing sanctions, with imports to the United States continuing at a reduced pace.
- Experts say even with regime change, investment in Venezuela’s oil would depend on political and economic stability.
- Oil output could potentially rise with $100 billion investment over a decade, according to experts.
- Venezuela's oil is heavy sour crude, complicating extraction and reducing short-term attractiveness.
- Trump’s sanctions and their easing have shaped oil commerce, with shifts in licensing and royalties handling.
- Analysts note Venezuela’s political risks and history as obstacles for foreign energy investment.
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