"The opportunities for collaboration and synergy between our two great countries of Venezuela and the United States are unlimited. He added that he was accompanied on his two-day trip by representatives from nearly a dozen companies seeking access to Venezuela's oil and minerals. They are eager to get started, and they are eager to cut the red tape to allow that capital investment to flow."
"The growing economic ties between Venezuela and the US come in the wake of a January 3 military operation to abduct and imprison Venezuela's former leader, Nicolas Maduro. The military operation was criticised as a violation of Venezuelan sovereignty. Experts from the United Nations described the incident as a grave, manifest and deliberate violation of the most fundamental principles of international law."
"Trump himself has claimed that the US has a right to Venezuelan oil, as a result of early petroleum exploration in the country. He called the nationalisation push in Venezuela the greatest theft in the history of America. Venezuela not only has some of the largest oil reserves in the world but also substantial mineral resources."
US Interior Secretary Doug Burgum traveled to Caracas to meet with Venezuela's interim President Delcy Rodriguez, advancing Trump administration efforts to increase oil and mineral production in Venezuela. The meeting resulted in Rodriguez's commitment to submit mining law reforms to Venezuela's legislature. Burgum expressed optimism about strengthening economic relations between the two countries and noted he brought representatives from nearly a dozen companies seeking access to Venezuelan resources. The Trump administration aims to reduce regulatory barriers and facilitate capital investment in Venezuela's oil and mineral sectors. These developments follow the January 3 military operation that led to Nicolas Maduro's imprisonment, which drew international criticism for violating Venezuelan sovereignty.
#us-venezuela-relations #oil-and-mineral-extraction #mining-law-reform #trump-administration-policy #natural-resource-access
Read at www.aljazeera.com
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