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Who Will Cash in on Venezuelan Oil?

U.S. Treasury Secretary Scott Bessent placed Chevron at the forefront of investors targeting Venezuela’s vast oil reserves. The push follows former President Donald Trump’s strategy to leverage American oil firms to pressure Nicolás Maduro’s regime. While sanctions and political turmoil make the market risky, Chevron’s existing infrastructure gives it a unique advantage. Competing majors remain largely absent, facing steep entry hurdles.