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Venezuela will actually make more money for itself than ever before

Oil companies are already selecting production sites in Venezuela

Jan 29, 2026 20:31 43

Venezuela will actually make more money for itself than ever before  - 1

Major oil companies have already started exploring fields in Venezuela and selecting production sites, said US President Donald Trump. “Now major oil companies are going into Venezuela, exploring and selecting sites“, he said at a meeting of the president's cabinet at the White House.

“And they will bring enormous wealth to Venezuela and the United States. And the oil companies will do well too. Venezuela will actually make more money for itself than ever before, and that's a good thing“, added the US prime minister.

On January 3, Venezuelan Foreign Minister Ivan Gil Pinto said that the United States had attacked civilian and military targets in Caracas. He called Washington's actions military aggression. A state of emergency was declared in Venezuela. Trump later confirmed the strikes and announced the capture and removal of Venezuelan leader Nicolas Maduro and his wife from the country. On January 5, they appeared in federal court in the Southern District of New York. They are accused of drug trafficking. Maduro and his wife have pleaded not guilty.

Delcy Rodriguez, who was Maduro's executive vice president, is the acting head of state of Venezuela. Trump announced that the United States would take temporary control of Venezuela. Washington will receive compensation from Caracas for American oil companies. The American president promised that these companies would provide funds to rebuild the country's oil infrastructure.