White House, private sector ‘closely looking’ at Venezuelan critical minerals
But given practical hurdles and huge political risk, experts say U.S. access to the deposits is likely a pipe dream.
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But given practical hurdles and huge political risk, experts say U.S. access to the deposits is likely a pipe dream.
The consensus is that beyond the exit of Nicolás Maduro, a regime change must occur to garner interest from companies.
Venezuela’s oil industry has been in the spotlight since President Donald Trump captured the country’s President Nicolas Maduro.
The US intervention in Venezuela may jeopardize both the flow of discounted Venezuelan oil to China's teapot refineries and the role of Chinese oil companies in Venezuela’s upstream business.
In discussing the dramatic seizure of Venezuelan President Nicolás Maduro and his wife, Cilia Flores, over the weekend, President Donald Trump declared that the United States would now “take back” the country’s oil. Yet he has offered little clarity on what exactly this means.
The country could see a relatively rapid recovery of some oil production, depending on the leadership that emerges.