{"id":1809906,"date":"2026-03-06T00:51:34","date_gmt":"2026-03-05T21:51:34","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=1809906"},"modified":"2026-03-06T00:51:34","modified_gmt":"2026-03-05T21:51:34","slug":"the-huge-problem-with-venezuelas-oil","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=1809906","title":{"rendered":"The huge problem with Venezuela’s oil"},"content":{"rendered":"

[analyse_image type=”featured” src=”https:\/\/static.dw.com\/image\/75745437_6.jpg”]<\/p>\n

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https:\/\/p.dw.com\/p\/59t6o<\/span><\/div>\n<\/section>\n
The US hasn’t had diplomatic staff at its embassy, seen here, since 2019Image: Pedro Mattey\/AFP\/Getty Images<\/small><\/figcaption><\/figure>\n
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The United States<\/a> and Venezuela<\/a>‘s interim government have agreed to reestablish diplomatic and consular ties, the US State Department said.<\/p>\n

In a statement released on Thursday, the State Department said it was focused on creating “the conditions \u200bfor a peaceful transition to \u200ba democratically government.”<\/p>\n

It’s a sign of thawing ties between the nations after the Trump administration captured Venezuelan President Nicolas Maduro<\/a>\u00a0in January 2026\u00a0and brought him to the US to face criminal charges.<\/p>\n

During US President Donald Trump<\/a>‘s first term in office, the\u00a0US stopped recognizing Maduro and his administration as Venezuela’s legitimate government.<\/p>\n

The US withdrew its diplomats and suspended operations at its embassy in Venezuela’s capital, Caracas, in 2019.<\/p>\n

Venezuela will ensure security for foreign mining companies<\/h2>\n

Meanwhile, Venezuela has promised safe conditions for foreign mining companies, a US official said Thursday.<\/p>\n

Interior Secretary Doug Burgum said he had received assurances from Venezuela that the government would “ensure” the security of foreign companies.<\/p>\n

“I think you’re going to see this government very concerned about providing the right kind of security,” Burgum told reporters on Thursday at the end of a two-day visit to the Latin American country.<\/p>\n

Burgum, who brought representatives from a number of mining and minerals companies with him on the visit, said dozens of companies had expressed interest in investing in Venezuela.<\/p>\n

The country is rich in oil as well as minerals such as gold, diamonds, bauxite, coltan and other rare materials used to make computers and mobile phones.<\/p>\n

But following nationalizations under Hugo Chavez, who was Venezuela’s president from 1999-2013, foreign investment has been minimal in the last decade.<\/p>\n

Mining activity is concentrated in a territory known as the Orinoco Mining Arc, where armed groups are active.<\/p>\n

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The huge problem with Venezuela’s oil<\/h2>\n

Edited by: Sean Sinico<\/em><\/p>\n<\/div>\n<\/div>\n<\/article>\n

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The United States<\/a> and Venezuela<\/a>‘s interim government have agreed to reestablish diplomatic and consular ties, the US State Department said.<\/p>\n

In a statement released on Thursday, the State Department said it was focused on creating “the conditions \u200bfor a peaceful transition to \u200ba democratically government.”<\/p>\n

It’s a sign of thawing ties between the nations after the Trump administration captured Venezuelan President Nicolas Maduro<\/a>\u00a0in January 2026\u00a0and brought him to the US to face criminal charges.<\/p>\n

During US President Donald Trump<\/a>‘s first term in office, the\u00a0US stopped recognizing Maduro and his administration as Venezuela’s legitimate government.<\/p>\n

The US withdrew its diplomats and suspended operations at its embassy in Venezuela’s capital, Caracas, in 2019.<\/p>\n

Venezuela will ensure security for foreign mining companies<\/h2>\n

Meanwhile, Venezuela has promised safe conditions for foreign mining companies, a US official said Thursday.<\/p>\n

Interior Secretary Doug Burgum said he had received assurances from Venezuela that the government would “ensure” the security of foreign companies.<\/p>\n

“I think you’re going to see this government very concerned about providing the right kind of security,” Burgum told reporters on Thursday at the end of a two-day visit to the Latin American country.<\/p>\n

Burgum, who brought representatives from a number of mining and minerals companies with him on the visit, said dozens of companies had expressed interest in investing in Venezuela.<\/p>\n

The country is rich in oil as well as minerals such as gold, diamonds, bauxite, coltan and other rare materials used to make computers and mobile phones.<\/p>\n

But following nationalizations under Hugo Chavez, who was Venezuela’s president from 1999-2013, foreign investment has been minimal in the last decade.<\/p>\n

Mining activity is concentrated in a territory known as the Orinoco Mining Arc, where armed groups are active.<\/p>\n

\n

The huge problem with Venezuela’s oil<\/h2>\n

Edited by: Sean Sinico<\/em><\/p>\n<\/div>\n

The United States<\/a> and Venezuela<\/a>‘s interim government have agreed to reestablish diplomatic and consular ties, the US State Department said.<\/p>\n

In a statement released on Thursday, the State Department said it was focused on creating “the conditions \u200bfor a peaceful transition to \u200ba democratically government.”<\/p>\n

It’s a sign of thawing ties between the nations after the Trump administration captured Venezuelan President Nicolas Maduro<\/a>\u00a0in January 2026\u00a0and brought him to the US to face criminal charges.<\/p>\n

During US President Donald Trump<\/a>‘s first term in office, the\u00a0US stopped recognizing Maduro and his administration as Venezuela’s legitimate government.<\/p>\n

The US withdrew its diplomats and suspended operations at its embassy in Venezuela’s capital, Caracas, in 2019.<\/p>\n

Meanwhile, Venezuela has promised safe conditions for foreign mining companies, a US official said Thursday.<\/p>\n

Interior Secretary Doug Burgum said he had received assurances from Venezuela that the government would “ensure” the security of foreign companies.<\/p>\n

“I think you’re going to see this government very concerned about providing the right kind of security,” Burgum told reporters on Thursday at the end of a two-day visit to the Latin American country.<\/p>\n

Burgum, who brought representatives from a number of mining and minerals companies with him on the visit, said dozens of companies had expressed interest in investing in Venezuela.<\/p>\n

The country is rich in oil as well as minerals such as gold, diamonds, bauxite, coltan and other rare materials used to make computers and mobile phones.<\/p>\n

But following nationalizations under Hugo Chavez, who was Venezuela’s president from 1999-2013, foreign investment has been minimal in the last decade.<\/p>\n

Mining activity is concentrated in a territory known as the Orinoco Mining Arc, where armed groups are active.<\/p>\n

To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video<\/a><\/p>\n

Edited by: Sean Sinico<\/em><\/p>\n

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[analyse_image type=”featured” src=”https:\/\/static.dw.com\/image\/75745437_6.jpg”] https:\/\/p.dw.com\/p\/59t6o The US hasn’t had diplomatic staff at its embassy, seen here, since 2019Image: Pedro Mattey\/AFP\/Getty Images The United States and Venezuela‘s interim government have agreed to reestablish diplomatic and consular ties, the US State Department said. In a statement released on Thursday, the State Department said it was focused on creating […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[226,74],"class_list":["post-1809906","post","type-post","status-publish","format-standard","hentry","category-politics","tag-crawlmanager","tag-dw-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/1809906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1809906"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/1809906\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1809906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1809906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1809906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}