Energy Majors May Pour Billions Into Venezuela’s Crude Sector as Production Rebuild Looms
Following dramatic political changes in Venezuela in early January 2026, global energy markets are pricing in a potential return of major oil companies to the country’s vast, underdeveloped oil patch. Venezuela holds some of the world’s largest proven crude reserves, mostly in heavy and extra-heavy grades. Production has languished for years due to mismanagement, sanctions,…


