"After seizures, sanctions and collapse, can Venezuela ever win back Big Oil's trust? US President Donald Trump says removing President Nicolas Maduro is about reclaiming Venezuela's oil. But as Washington pushes for access, major oil companies are hesitating. Why is Venezuela being labeled uninvestable, and what does that skepticism reveal about power, instability and the future of Venezuela's vast oil reserves?"
"In this episode: Anneke Ball (@annekeball), Journalist Episode credits: This episode was produced by Marcos Bartolome and Melanie Marich, with Tamara Khandaker, and our host, Kevin Hirten. It was edited by Ney Alvarez and Noor Wazwaz. Our sound designer is Alex Roldan. Our video editors are Hisham Abu Salah and Mohannad Al-Melhem. Alexandra Locke is the Take's executive producer. Ney Alvarez is Al Jazeera's head of audio."
Seizures, sanctions and prolonged operational collapse have severely undermined investor confidence in Venezuela's oil industry. US political focus links regime change to reclaiming Venezuela's energy assets, yet multinational oil firms remain reluctant to reengage. Historical nationalizations, arbitrary asset seizures, weak rule of law, corruption, opaque contracts and international sanctions create legal and commercial risks. Physical deterioration of fields and depleted production capacity raise the scale of required capital and technical intervention. Any sustainable return of major investment will require credible governance reforms, legal guarantees, transparency, sanctions relief and vast financing and technical rehabilitation.
Read at www.aljazeera.com
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