World2/16/2026BBC

Trump eyes Venezuela visit – but obstacles to his oil plan remain

Trump eyes Venezuela visit – but obstacles to his oil plan remain

The article discusses President Trump's interest in visiting Venezuela, driven by his desire to have American energy companies extract the country's abundant oil reserves. However, the article highlights the obstacles that remain in achieving this goal. Despite Trump's enthusiasm, American energy firms are reluctant to engage in Venezuela's oil industry due to the political and economic instability in the country. The article notes that the Venezuelan government's policies and the ongoing political crisis have created a challenging environment for foreign investment. Additionally, the Trump administration's sanctions on Venezuela's state-owned oil company, PDVSA, have further complicated the situation, making it difficult for American firms to participate in the country's oil sector. The article suggests that while Trump may be eager to tap into Venezuela's oil resources, the existing obstacles, including the political and economic landscape, as well as the sanctions imposed by the US government, continue to pose significant challenges to his plans.

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