Venezuela

Country Venezuela
Capital Caracas
Continent South America
Currency Bolivar fuerte(VEF)
Languages Spanish

Information

Introduction

Venezuela was one of three countries that emerged from the collapse of Gran Colombia in 1830 (the others being Ecuador and New Granada, which became Colombia). For most of the first half of the 20th century, Venezuela was ruled by generally benevolent military strongmen, who promoted the oil industry and allowed for some social reforms. Democratically elected governments have held sway since 1959. Hugo CHAVEZ, president since 1999, seeks to implement his "21st Century Socialism," which purports to alleviate social ills while at the same time attacking capitalist globalization and existing democratic institutions. Current concerns include: a weakening of democratic institutions, political polarization, a politicized military, drug-related violence along the Colombian border, increasing internal drug consumption, overdependence on the petroleum industry with its price fluctuations, and irresponsible mining operations that are endangering the rain forest and indigenous peoples.

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References

Venezuela - Wikipedia
Venezuela - CIA World Fact Book
Venezuela - BBC
Venezuela - Timeline - BBC

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News Headlines

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Donald Trump’s cheap gas miracle via Venezuela oil deal? Not so fast - Telegraph India
  1. Donald Trump’s cheap gas miracle via Venezuela oil deal? Not so fast  Telegraph India
  2. Trump’s Venezuela oil deal puts Pentagon in stake as White House reveals details  Firstpost
  3. Firms including Chevron, ONGC, GE Vernova on track to sign final pacts in Venezuela, sources say  Reuters
  4. Venezuela's interim President says U.S. energy deal will last 25 years  The Hindu
  5. What are the implications of the US-Venezuela oil deal?  Al Jazeera
  6. Trump announces deal with Venezuela to secure more than 65 billion barrels of oil reserves  CNBC
  7. Chevron, ONGC and GE Vernova Near Final Venezuela Energy Deals  Crude Oil Prices Today | OilPrice.com
  8. Return to Peak Venezuela Oil Output to Take Decades, Rystad Says  Bloomberg.com
  9. Trump Announces "Biggest Oil Deal In World History" With Venezuela  NDTV


'Venezuela will be reborn': Maduro shares first photos from US prison since capture - timesofindia.indiatimes.com'Venezuela will be reborn': Maduro shares first photos from US prison since capture  timesofindia.indiatimes.com

What we know about Trump’s deal giving US access to vast oil reserves in Venezuela - AP NewsWhat we know about Trump’s deal giving US access to vast oil reserves in Venezuela  AP News

Venezuela grants U.S.-backed oil firm NABEP 100-year concessions for 17 oil fields, White House says - CNBCVenezuela grants U.S.-backed oil firm NABEP 100-year concessions for 17 oil fields, White House says  CNBC

Analyst breaks down challenges U.S. will face to unlock Venezuela's oil - PBSAnalyst breaks down challenges U.S. will face to unlock Venezuela's oil  PBS

India's oil imports from US, Venezuela largely a function of price: ONGC Chairman - BusinessLineIndia's oil imports from US, Venezuela largely a function of price: ONGC Chairman  BusinessLine

Trump’s Venezuela Deal Leaves $100 Billion Question Unanswered - Bloomberg.comTrump’s Venezuela Deal Leaves $100 Billion Question Unanswered  Bloomberg.com

Exclusive | Trump’s Venezuelan Oil Company Plans Massive Drilling Push - WSJExclusive | Trump’s Venezuelan Oil Company Plans Massive Drilling Push  WSJ

Trump cuts deal with Venezuela to control 65B barrels of oil - CNNTrump cuts deal with Venezuela to control 65B barrels of oil  CNN

Risks of Sexual Exploitation and Abuse (SEA) in the Venezuela Earthquake Response - Executive summary for senior leadership, August 2026 - ReliefWebRisks of Sexual Exploitation and Abuse (SEA) in the Venezuela Earthquake Response - Executive summary for senior leadership, August 2026  ReliefWeb

Days after Trump announces Venezuela oil deal, White House fills in some of the details - NBC NewsDays after Trump announces Venezuela oil deal, White House fills in some of the details  NBC News

ONGC Cleared By US OFAC For Venezuela Operations Alongside 1 Trillion Rupee Spend - SahiONGC Cleared By US OFAC For Venezuela Operations Alongside 1 Trillion Rupee Spend  Sahi

U.S., Venezuela strike oil deal. And, the staggering hidden toll of U.S. heat deaths - NPRU.S., Venezuela strike oil deal. And, the staggering hidden toll of U.S. heat deaths  NPR

White House backs Venezuela oil deal giving Pentagon stake in vast reserves - India TodayWhite House backs Venezuela oil deal giving Pentagon stake in vast reserves  India Today

Reality check: Trump's Venezuela oil deal may have little immediate impact on US gas prices - ABC News - Breaking News, Latest News and VideosReality check: Trump's Venezuela oil deal may have little immediate impact on US gas prices  ABC News - Breaking News, Latest News and Videos

Venezuelan opposition up in arms over reports US wants big stake in oil and gas - The GuardianVenezuelan opposition up in arms over reports US wants big stake in oil and gas  The Guardian

U.S. oil firm to take over some Venezuelan oilfields previously run by Chinese, Russian companies: Reuters - CNBCU.S. oil firm to take over some Venezuelan oilfields previously run by Chinese, Russian companies: Reuters  CNBC

Trump says Exxon is 'going in' to Venezuela as US pushes oil deals - ReutersTrump says Exxon is 'going in' to Venezuela as US pushes oil deals  Reuters

Trump announced a massive oil deal with Venezuela. Why it won't lower gas prices anytime soon - CNBCTrump announced a massive oil deal with Venezuela. Why it won't lower gas prices anytime soon  CNBC

EXCLUSIVE: Officials: US firm to take over some Venezuela oilfields previously run by Chinese, Russian firms - ReutersEXCLUSIVE: Officials: US firm to take over some Venezuela oilfields previously run by Chinese, Russian firms  Reuters

Trump on possible Venezuela departure from OPEC: 'It's up to them' - ReutersTrump on possible Venezuela departure from OPEC: 'It's up to them'  Reuters

Venezuela’s Maduro shares first photos from US detention - Al JazeeraVenezuela’s Maduro shares first photos from US detention  Al Jazeera

White House details Venezuela oil deal: US gets control of 65 billion barrels, NABEP 100-year rights to 17... - Moneycontrol.comWhite House details Venezuela oil deal: US gets control of 65 billion barrels, NABEP 100-year rights to 17...  Moneycontrol.com

Can Donald Trump’s 65bn-barrel deal revive Venezuela’s oil industry? - Financial TimesCan Donald Trump’s 65bn-barrel deal revive Venezuela’s oil industry?  Financial Times

US Gets Board Veto, Right of First Refusal in Venezuela Oil Deal - Bloomberg.comUS Gets Board Veto, Right of First Refusal in Venezuela Oil Deal  Bloomberg.com

Alejandro Betancourt: the man who would be Trump’s ‘viceroy’ in Venezuela - Financial TimesAlejandro Betancourt: the man who would be Trump’s ‘viceroy’ in Venezuela  Financial Times

US plans to get board veto, right of first refusal in Venezuela oil deal - Business StandardUS plans to get board veto, right of first refusal in Venezuela oil deal  Business Standard

Venezuela’s Delcy Rodríguez defends ‘endless’ benefits of her oil deal with Trump - The GuardianVenezuela’s Delcy Rodríguez defends ‘endless’ benefits of her oil deal with Trump  The Guardian

Venezuela oil deal: NABEP gets 100-year concessions, to pay $200 billion in royalty and taxes in first 25 years - LivemintVenezuela oil deal: NABEP gets 100-year concessions, to pay $200 billion in royalty and taxes in first 25 years  Livemint

As US-Venezuela Oil Deal Takes Shape, Here Are the Key Points - Bloomberg.comAs US-Venezuela Oil Deal Takes Shape, Here Are the Key Points  Bloomberg.com

Trump’s Venezuela deal leaves $100 billion question unanswered - The Japan TimesTrump’s Venezuela deal leaves $100 billion question unanswered  The Japan Times

Trump's oil deal with Venezuela raises red flags for some major producers, sources say - ReutersTrump's oil deal with Venezuela raises red flags for some major producers, sources say  Reuters

Trump announces deal with Venezuela to secure more than 65 billion barrels of oil reserves - CNBCTrump announces deal with Venezuela to secure more than 65 billion barrels of oil reserves  CNBC

Trump's "Historic Deal" With Venezuela Isn't Fooling Oil Traders - Crude Oil Prices Today | OilPrice.comTrump's "Historic Deal" With Venezuela Isn't Fooling Oil Traders  Crude Oil Prices Today | OilPrice.com

Trump announces ‘biggest oil deal in world history’ with Venezuela - Al JazeeraTrump announces ‘biggest oil deal in world history’ with Venezuela  Al Jazeera

Breakingviews - COMMENTARY: Venezuela oil deal raises trouble not capital - ReutersBreakingviews - COMMENTARY: Venezuela oil deal raises trouble not capital  Reuters

White House releases terms of oil deal with North American Blue Energy Partners - ReutersWhite House releases terms of oil deal with North American Blue Energy Partners  Reuters

Venezuela Weighs OPEC Exit as US Discusses Oil Fields Stake - Bloomberg.comVenezuela Weighs OPEC Exit as US Discusses Oil Fields Stake  Bloomberg.com

Trump’s Venezuela Deal Leaves $100 Billion Question Unanswered - Energy ConnectsTrump’s Venezuela Deal Leaves $100 Billion Question Unanswered  Energy Connects

Exclusive | Inside Trump’s Plan to Give the Pentagon a Stake in Venezuela’s Oil Riches - WSJExclusive | Inside Trump’s Plan to Give the Pentagon a Stake in Venezuela’s Oil Riches  WSJ

US-Venezuela oil deal deepens China’s energy security squeeze - Asia TimesUS-Venezuela oil deal deepens China’s energy security squeeze  Asia Times

US oil firm to take over some Venezuelan oilfields previously run by Chinese, Russian companies, officials - The Economic TimesUS oil firm to take over some Venezuelan oilfields previously run by Chinese, Russian companies, officials  The Economic Times

Trump promises his Venezuela oil deal will 'fill up' the Strategic Petroleum Reserve. It's not that simple. - Yahoo FinanceTrump promises his Venezuela oil deal will 'fill up' the Strategic Petroleum Reserve. It's not that simple.  Yahoo Finance

Trump announces new US oil agreement with Venezuela - The GuardianTrump announces new US oil agreement with Venezuela  The Guardian

I'm working with Venezuela to kill its inflation. Trump’s secret oil deal with Delcy Rodriguez is illegitimate — and unhelpful - FortuneI'm working with Venezuela to kill its inflation. Trump’s secret oil deal with Delcy Rodriguez is illegitimate — and unhelpful  Fortune

US-backed Venezuelan oil giant NABEP gets 100-year concessions for 17 fields - cnbctv18.comUS-backed Venezuelan oil giant NABEP gets 100-year concessions for 17 fields  cnbctv18.com

Will the U.S. really control Venezuelan oil? - NPRWill the U.S. really control Venezuelan oil?  NPR

Venezuelan Oil Exports Surge as Trump Seeks Greater Control - Bloomberg.comVenezuelan Oil Exports Surge as Trump Seeks Greater Control  Bloomberg.com

The U.S.-Venezuela oil deal won’t lower your gas prices. Here’s what you need to know - NPRThe U.S.-Venezuela oil deal won’t lower your gas prices. Here’s what you need to know  NPR

US Official: Oil Deal with Venezuela Benefits the United States - 8AM MediaUS Official: Oil Deal with Venezuela Benefits the United States  8AM Media

U.S. to Take Control of Much of Venezuela’s Proven Oil Reserves - WSJU.S. to Take Control of Much of Venezuela’s Proven Oil Reserves  WSJ

Experts, lawyers puzzled over US-Venezuela oil deal, call for contract transparency - ReutersExperts, lawyers puzzled over US-Venezuela oil deal, call for contract transparency  Reuters

Trump Promises His Venezuela Oil Deal Will Lower Gas Prices. But When? - Time MagazineTrump Promises His Venezuela Oil Deal Will Lower Gas Prices. But When?  Time Magazine

The doctor treating women at ground zero of Venezuela’s earthquake devastation - Latin America ReportsThe doctor treating women at ground zero of Venezuela’s earthquake devastation  Latin America Reports

What the US-Venezuela oil model could mean for Iran’s energy future - Iran InternationalWhat the US-Venezuela oil model could mean for Iran’s energy future  Iran International

Trump says US has entered deal with Venezuela to take control of 65 billion barrels of oil reserves - AP NewsTrump says US has entered deal with Venezuela to take control of 65 billion barrels of oil reserves  AP News

Will Trump's Venezuela oil deal lower U.S. gas prices? Here's what experts say. - CBS NewsWill Trump's Venezuela oil deal lower U.S. gas prices? Here's what experts say.  CBS News

U.S. has entered deal with Venezuela to take control of 65 billion barrels of oil reserves, Trump says - NBC NewsU.S. has entered deal with Venezuela to take control of 65 billion barrels of oil reserves, Trump says  NBC News

Trump hails "biggest oil deal in world history" with Venezuela - AxiosTrump hails "biggest oil deal in world history" with Venezuela  Axios

Colombian oil service firms move into Venezuela amid deal announcements, trade group says - ReutersColombian oil service firms move into Venezuela amid deal announcements, trade group says  Reuters

Trump hails Venezuela oil deal as 'greatest ever' made - en.yenisafak.comTrump hails Venezuela oil deal as 'greatest ever' made  en.yenisafak.com

Trump’s Venezuela Oil Deal Faces Expert Skepticism Over $100 Billion - Barron'sTrump’s Venezuela Oil Deal Faces Expert Skepticism Over $100 Billion  Barron's

Venezuela’s Energy Reopening Could Benefit Chevron (CVX) and GE Vernova (GEV), But Risks Remain - Yahoo FinanceVenezuela’s Energy Reopening Could Benefit Chevron (CVX) and GE Vernova (GEV), But Risks Remain  Yahoo Finance

Once under investigation, Venezuelan tycoon now at center of massive U.S. oil deal - Miami HeraldOnce under investigation, Venezuelan tycoon now at center of massive U.S. oil deal  Miami Herald

Opinion | Trump Takes the Oil in Venezuela - WSJOpinion | Trump Takes the Oil in Venezuela  WSJ

DW News. . Venezuela's century-long oil deal with Washington promises investment and economic recovery, but critics question whether the country's crisis-weary population will see any real benefit from handing control of its greatest resource to a foreign po - facebook.comDW News. . Venezuela's century-long oil deal with Washington promises investment and economic recovery, but critics question whether the country's crisis-weary population will see any real benefit from handing control of its greatest resource to a foreign po  facebook.com

Venezuela's interim president says US energy deal will last 25 years - ReutersVenezuela's interim president says US energy deal will last 25 years  Reuters

White House says deal to take control of Venezuelan oil will rely on North American Blue Energy Partners - CBS NewsWhite House says deal to take control of Venezuelan oil will rely on North American Blue Energy Partners  CBS News

Trump says Exxon is 'going in' to Venezuela as US pushes oil deals - Yahoo! Finance CanadaTrump says Exxon is 'going in' to Venezuela as US pushes oil deals  Yahoo! Finance Canada

Don’t expect immediate relief from Trump’s Venezuela oil deal - NBC NewsDon’t expect immediate relief from Trump’s Venezuela oil deal  NBC News

How the Pentagon Is Getting Into the Venezuelan Oil Business Under Trump - The New York TimesHow the Pentagon Is Getting Into the Venezuelan Oil Business Under Trump  The New York Times

Why More Venezuelan Oil Won't Solve America's Gasoline Problem - Crude Oil Prices Today | OilPrice.comWhy More Venezuelan Oil Won't Solve America's Gasoline Problem  Crude Oil Prices Today | OilPrice.com

Trump's oil deal with Venezuela raises red flags for some major producers, sources say - TradingViewTrump's oil deal with Venezuela raises red flags for some major producers, sources say  TradingView

Trump says U.S. has entered deal with Venezuela to control 65 billion barrels of its oil reserves - PBSTrump says U.S. has entered deal with Venezuela to control 65 billion barrels of its oil reserves  PBS

Trump says US will refill Strategic Petroleum Reserve using Venezuelan oil - ReutersTrump says US will refill Strategic Petroleum Reserve using Venezuelan oil  Reuters

As US-Venezuela Oil Deal Takes Shape, Here Are the Key Points - Yahoo FinanceAs US-Venezuela Oil Deal Takes Shape, Here Are the Key Points  Yahoo Finance

Trump says US is taking partial control of Venezuela's vast oil reserves - ReutersTrump says US is taking partial control of Venezuela's vast oil reserves  Reuters

US refineries taking in half of Venezuela’s oil output, official says - Al JazeeraUS refineries taking in half of Venezuela’s oil output, official says  Al Jazeera

What we know about Trump’s deal giving U.S. access to vast oil reserves in Venezuela - bnnbloomberg.caWhat we know about Trump’s deal giving U.S. access to vast oil reserves in Venezuela  bnnbloomberg.ca

Trump Says Exxon Will Enter Venezuela as Oil Investment Ramps Up - Yahoo FinanceTrump Says Exxon Will Enter Venezuela as Oil Investment Ramps Up  Yahoo Finance

Venezuela vowed not to ‘hand over’ its oil. Trump aims to grab a windfall. - The Washington PostVenezuela vowed not to ‘hand over’ its oil. Trump aims to grab a windfall.  The Washington Post

Venezuela Will Refill America's Oil Reserves (SPX) - Seeking AlphaVenezuela Will Refill America's Oil Reserves (SPX)  Seeking Alpha

Chevron and Global Energy Firms Near Final Venezuela Energy Deals - ????. ?????? ???????.Chevron and Global Energy Firms Near Final Venezuela Energy Deals  ????. ?????? ???????.

Venezuela says US oil deal key to recovery - LatinFinanceVenezuela says US oil deal key to recovery  LatinFinance

Talks between government and opposition mark a new chapter for Venezuela - Al JazeeraTalks between government and opposition mark a new chapter for Venezuela  Al Jazeera

Residents of Venezuela oil hub await impact of renewed operations, amid sweeping agreement with US - AP NewsResidents of Venezuela oil hub await impact of renewed operations, amid sweeping agreement with US  AP News

United States Government and North American Blue Energy Partners (NABEP) Reach Historic Deal to Develop Venezuela's Oil Sector - The Malaysian ReserveUnited States Government and North American Blue Energy Partners (NABEP) Reach Historic Deal to Develop Venezuela's Oil Sector  The Malaysian Reserve

US firm to take over some Venezuela oilfields previously run by Chinese, Russian firms - Awani InternationalUS firm to take over some Venezuela oilfields previously run by Chinese, Russian firms  Awani International

Challenges the U.S. will face to unlock Venezuela's oil - THIRTEEN - New York Public MediaChallenges the U.S. will face to unlock Venezuela's oil  THIRTEEN - New York Public Media

Trump’s Venezuela oil deal clashes with history, economics and GOP orthodoxy (for starters) - MS NOWTrump’s Venezuela oil deal clashes with history, economics and GOP orthodoxy (for starters)  MS NOW

White House Details Venezuela Oil Deal Giving Pentagon 35% Stake In New Company - i24NEWSWhite House Details Venezuela Oil Deal Giving Pentagon 35% Stake In New Company  i24NEWS

The Navy’s Supply Chain Struggle, and Trump’s Unusual Oil Deal in Venezuela - The New York TimesThe Navy’s Supply Chain Struggle, and Trump’s Unusual Oil Deal in Venezuela  The New York Times