World News

08-05-2026

Trump's energy policy accelerates investments in Venezuela

Jarrod Agen, Executive Director of the U.S. National Council for Energy Dominance, said that the Trump administration's policy is actively encouraging American oil and gas companies to make major investments in Venezuela. At a White House meeting with representatives of leading energy corporations, including Chevron and Exxon, Agen directly urged them to develop the world's largest oil reserves in that South American country. According to him, Exxon has already begun operations and is sending personnel to Venezuela, while Chevron is reaching record production levels. These steps, the official noted, are a direct result of the new course of the U.S. government, which has signed three major agreements with independent operators to open up and increase production, including the active extraction of natural gas.

Agen emphasized that all these processes are unfolding within the framework of the "Trump speed" strategy and are exactly in line with the president's forecasts. He linked the intensification in Venezuela to an overall energy policy aimed at increasing production in various regions, including Alaska, where similar steps are already being taken. At the same time, the official noted that Texas is now showing record figures, reaching a historic peak in crude oil exports. Thus, bringing American companies to Venezuelan fields is seen as a logical continuation of the course toward strengthening U.S. energy dominance and expanding production beyond traditional areas.

Full version: Jarrod Agen: Política energética de Trump acelera inversiones en Venezuela