Venezuela: Five Keys to Understanding Venezuela’s Oil History

Jan 9, 2026 | Johani Carolina Ponce
Yale Climate Connections
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Venezuela’s oil industry has once again returned to the center of international debate. US President Donald Trump announced new actions against the Venezuelan government on January 3, including the removal of Venezuelan leader Nicolás Maduro, and said that the United States would send its major oil companies to invest in repairing the country’s damaged oil infrastructure.