Oil and gas executives mull the real costs of Venezuelan oil
By 
Jaclyn Jaeger2026-01-27T20:18:00
U.S. oil and gas companies strong-armed into participating in the nationalization of Venezuela’s oil industry decades ago now face government pressure of the opposite kind: Invest billions into rebuilding a dilapidated oil and gas infrastructure for a high-risk country that still owes billions in unsettled debts.
Pressure on the oil and gas sector continues to build, following the Jan. 3 U.S. military attack on Venezuela and the capture of President Nicolás Maduro and his wife, Cilia Flores.
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