White House, private sector âclosely lookingâ 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 NicolĂÂĄs Maduro, a regime change must occur to garner interest from companies.
Venezuelaâs oil industry has been in the spotlight since President Donald Trump captured the countryâs 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 Venezuelaâs upstream business.
In discussing the dramatic seizure of Venezuelan President NicolĂĄs Maduro and his wife, Cilia Flores, over the weekend, President Donald Trump declared that the United States would now âtake backâ the countryâs 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.