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US reportedly pursues large stake in Venezuela's oil and gas reserves

Guardian World1 min read171 words
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Washington’s push to secure a long‑term share of Venezuela’s oil and gas reserves has drawn sharp criticism from a range of observers who label the effort “predatory” and “unconstitutional.” Media reports this week indicate that the Trump administration, which in January took the extraordinary step of detaining Venezuelan President Nicolás Maduro, is seeking to formalise a substantial stake in the South American nation’s energy sector. Critics argue that the move violates international norms and undermines Venezuela’s sovereignty, warning that it could set a precedent for foreign powers to claim resources in politically unstable states.

U.S. officials have not publicly detailed the terms of the proposed arrangement, but the strategy appears aimed at guaranteeing American access to Venezuela’s vast hydrocarbon fields for decades to come. The initiative follows a period of heightened tension between the two governments, during which Washington has imposed sanctions and supported opposition groups. As diplomatic negotiations continue, the dispute over the legality and ethics of the United States’ claim remains a focal point of regional and international debate.

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