Seized Oil, Silent Invasion

Plans affecting Venezuela’s oil sector are already unfolding, with policy shifts and new licenses reshaping the country’s energy future. What officials describe as stabilization and recovery is increasingly tied to decisions being made in Washington and major corporate boardrooms.

Recent U.S. moves have eased sanctions and allowed global oil companies to resume operations and negotiate new contracts with Venezuela’s state oil firm, PDVSA, while some revenues are routed through a U.S.-controlled fund.