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Home Trading News Commodities

U.S. won’t provide security for oil operations in Venezuela, says Wright

January 23, 2026
in Commodities
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U.S. won’t provide security for oil operations in Venezuela, says Wright
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(Bloomberg) – The U.S. has no plans to supply safety ensures to grease firms that plan to function in Venezuela, Power Secretary Chris Wright stated Thursday. 

“We aren’t going to become involved in offering on the bottom safety for folks in Venezuela,” Wright stated throughout an interview with Bloomberg Tv. “Oil and gasoline firms function all around the globe in all completely different settings, they’re properly versed in these challenges.” 

Bodily and monetary safety have been among the many prime issues of companies hesitant to decide to investing in Venezuela. U.S. President Donald Trump has known as on American firms to assist rebuild the South American nation’s beleaguered oil sector following the Jan. 3 seize of strongman Nicolás Maduro.

See additionally: Trump ally says Venezuela should assure oil belongings to draw U.S. producers

Map created in collaboration with Petroleum Economist and World Power Infrastructure. For an outline of this challenge and different associated infrastructure developments, go to . Copyright World Oil 2026. All rights reserved.



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Tags: oiloperationsProvideSecurityU.SVenezuelaWontWright
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