World1/6/2026•BBC

Trump claims US oil firms could be 'up and running' in Venezuela within 18 months

Trump claims US oil firms could be 'up and running' in Venezuela within 18 months

The article discusses President Trump's claims about the potential for US oil companies to resume operations in Venezuela within 18 months. Trump has expressed an openness to expanded US involvement in Venezuela's oil industry, despite the country's ongoing political and economic turmoil. Analysts, however, argue that such plans would require significant time and effort to implement. Rebuilding Venezuela's oil infrastructure, which has been severely damaged by years of mismanagement and underinvestment, would be a complex and challenging undertaking. Additionally, any efforts to increase US involvement in the Venezuelan oil sector would likely face legal and regulatory hurdles, as well as potential political opposition both within the US and internationally. Overall, the article suggests that while Trump may be eager to see a greater US presence in Venezuela's oil industry, the practical realities of such a scenario may not align with the President's ambitious timeline.

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