What Future for Venezuela after the U.S. Oil Carve-up?

What Future for Venezuela after the U.S. Oil Carve-up? | International Crisis Group

* About Us
+ Who We Are
+ How We Work
+ Our Impact
+ Financials
+ Support Us
+ Careers
* Early Warning
+ Crisiswatch
+ eEARTH
* Events
+ Upcoming Events
+ Event Recordings
* Multimedia
+ Podcasts
- Afrique 360
- Hold Your Fire
- Ripple Effect
- The Horn
- War & Peace
+ Video
+ Photography
+ Visual Explainers
* Translations
+ عربي (AR)
+ Español (ES)
+ Français (FR)
+ Other Translations
* Contact Us
+ Contacts
+ For Journalists

DonateSubscribe

What Future for Venezuela after the U.S. Oil Carve-up?

* Share
+ Facebook
+ Twitter
+ Email;color:rgb(34,%2034,%2034);font-family:Calibri,%20Calibri_EmbeddedFont,%20Calibri_MSFontService,%20sans-serif;font-size:12pt;font-variant-caps:normal;font-variant-ligatures:none%20!important;font-weight:400;letter-spacing:normal;line-height:20px;margin:0px;orphans:2;padding:0px;text-align:justify;text-decoration-color:initial;text-decoration-style:initial;text-decoration-thickness:initial;text-indent:0px;text-transform:none;user-select:text;white-space:normal;widows:2;word-spacing:0px;"%20data-contrast="none"%20xml:lang="EN-GB"%20lang="EN-GB"%20data-ccp-parastyle="Normal%20(Web)">The%20Trump%20administration%20has%20announced%20an%20agreement%20with%20Caracas%20that%20it%20says%20gives%20the%20U.S.%20a%20major%20stake%20in%20the%20Venezuelan%20oil%20industry.%20In%20this%20Q&amp;A,%20Crisis%20Group%20experts%20Phil%20Gunson%20and%20Delaney%20Simon%20explore%20the%20reported%20deal%E2%80%99s%20ramifications.</span></em></p>%0D%0A%0D%0ARead%20more%20from%20What%20Future%20for%20Venezuela%20after%20the%20U.S.%20Oil%20Carve-up?%20%3A%20https://www.crisisgroup.org/qna/latin-america-caribbean/venezuela-united-states/what-future-venezuela-after-us-oil-carve "Email")
* Save
* MORE
+ Print
* Español
+ Español
+ English

What Future for Venezuela after the U.S. Oil Carve-up?

* About Us
* Early Warning
* Events
* Multimedia
* Translations
* Contact Us
* Latest Updates
* Regional Programs
* Global Issues & Institutions

* Back to Main Menu
* Africa
* Asia-Pacific
* Europe
* Latin America & Caribbean
* Middle East & North Africa
* United States
* Back to Main Menu
* Global Issues & Institutions
* !CrisisWatch
CrisisWatch

* !eEARTH
eEARTH

* !From Early Warning to Early Action
From Early Warning to Early Action

* !Gender & Conflict
Gender & Conflict

* !Global Order and Peacemaking
Global Order and Peacemaking

* !Multilateral Diplomacy
Multilateral Diplomacy

* Back to Main Menu
* About Us
* Who We Are
* How We Work
* Our Impact
* Financials
* Support Us
* Careers

* Back to Main Menu
* Early Warning
* Crisiswatch
* eEARTH

* Back to Main Menu
* Events
* Upcoming Events
* Event Recordings

* Back to Main Menu
* Multimedia
* Podcasts
* Video
* Photography
* Visual Explainers

* Back to Main Menu
* Translations
* عربي (AR)
* Español (ES)
* Français (FR)
* Other Translations

* Back to Main Menu
* Contact Us
* Contacts
* For Journalists

* Back to Programs
* AfricaView Program
* African Union & Regional Bodies
* Central Africa
* East and Southern Africa
* Great Lakes
* Horn of Africa
* Sahel
* West Africa
* Countries
* Angola
* Burkina Faso
* Burundi
* Cameroon
* Central African Republic
* Chad
* Côte d’Ivoire
* Democratic Republic of Congo
* Eritrea
* Ethiopia
* Guinea
* Guinea-Bissau
* Kenya
* Liberia
* Madagascar
* Mali
* Mozambique
* Niger
* Nigeria
* Republic of Congo
* Rwanda
* Sierra Leone
* Somalia
* South Africa
* South Sudan
* Sudan
* Uganda
* Zimbabwe
* Featured
Sudan’s War Risks Fracturing Eastern Chad

* Back to Programs
* Asia-PacificView Program
* China-U.S.
* North East Asia
* South Asia
* South East Asia
* Countries
* Afghanistan
* Bangladesh
* China
* India
* Korean Peninsula
* Myanmar
* Nepal
* Pakistan
* Philippines
* South China Sea
* Sri Lanka
* Taiwan Strait
* Thailand
* Featured
An Historic Poll Puts Peace to the Test in the Philippines

* Back to Programs
* EuropeView Program
* Balkans
* Caucasus
* European Union
* Western Europe/Mediterranean
* Countries
* Armenia
* Armenian-Azerbaijani Conflict
* Azerbaijan
* Bosnia And Herzegovina
* Cyprus
* Georgia
* Kosovo
* Moldova
* Montenegro
* Russia
* Serbia
* Türkiye
* Ukraine
* Featured
Nuclear Deterrence in Europe (and another round of U.S. Ukraine-Russia diplomacy)

* Back to Programs
* Latin America & CaribbeanView Program
* Amazon
* Andes
* Central America
* Countries
* Bolivia
* Brazil
* Colombia
* Cuba
* Ecuador
* El Salvador
* Guatemala
* Haiti
* Honduras
* Mexico
* Nicaragua
* Venezuela
* Featured
What Future for Venezuela after the U.S. Oil Carve-up?

* Back to Programs
* Middle East & North AfricaView Program
* East Mediterranean (MENA)
* Gulf and Arabian Peninsula
* North Africa
* Countries
* Algeria
* Bahrain
* Egypt
* Iran
* Iraq
* Israel/Palestine
* Jordan
* Lebanon
* Libya
* Oman
* Qatar
* Saudi Arabia
* Syria
* Tunisia
* United Arab Emirates
* Western Sahara
* Yemen
* Featured
Special Episode: Will the Houthis Shut Down the Bab al-Mandab Strait?

* Back to Programs
* United StatesView Program
* Countries
* Featured
What Future for Venezuela after the U.S. Oil Carve-up?

* Back
* Podcasts
* Afrique 360
* Hold Your Fire
* Ripple Effect
* The Horn
* War & Peace

DonateSubscribe

* Latest Updates
* Africa
* Asia-Pacific
* Europe
* Latin America & Caribbean
* Middle East & North Africa
* United States
* Global Issues & Institutions
* My Reading List
*

* Africa
View Program

* African Union & Regional BodiesCentral AfricaEast and Southern AfricaGreat LakesHorn of AfricaSahelWest Africa
* Countries
AngolaBurkina FasoBurundiCameroonCentral African RepublicChadCôte d’IvoireDemocratic Republic of CongoEritreaEthiopiaGuineaGuinea-BissauKenyaLiberiaMadagascarMaliMozambiqueNigerNigeriaRepublic of CongoRwandaSierra LeoneSomaliaSouth AfricaSouth SudanSudanUgandaZimbabwe

* Featured
Sudan’s War Risks Fracturing Eastern Chad

* Asia-Pacific
View Program

* North East AsiaSouth AsiaSouth East Asia
* Countries
AfghanistanBangladeshChinaIndiaKorean PeninsulaMyanmarNepalPakistanPhilippinesSouth China SeaSri LankaTaiwan StraitThailand

* Featured
An Historic Poll Puts Peace to the Test in the Philippines

* Europe
View Program

* BalkansCaucasusEuropean UnionWestern Europe/Mediterranean
* Countries
ArmeniaArmenian-Azerbaijani ConflictAzerbaijanBosnia And HerzegovinaCyprusGeorgiaKosovoMoldovaMontenegroRussiaSerbiaTürkiyeUkraine

* Featured
Nuclear Deterrence in Europe (and another round of U.S. Ukraine-Russia diplomacy)

* Latin America & Caribbean
View Program

* AmazonAndesCentral America
* Countries
BoliviaBrazilColombiaCubaEcuadorEl SalvadorGuatemalaHaitiHondurasMexicoNicaraguaVenezuela

* Featured
What Future for Venezuela after the U.S. Oil Carve-up?

* Middle East & North Africa
View Program

* East Mediterranean (MENA)Gulf and Arabian PeninsulaNorth Africa
* Countries
AlgeriaBahrainEgyptIranIraqIsrael/PalestineJordanLebanonLibyaOmanQatarSaudi ArabiaSyriaTunisiaUnited Arab EmiratesWestern SaharaYemen

* Featured
Special Episode: Will the Houthis Shut Down the Bab al-Mandab Strait?

* United States
View Program

*
* Countries
* Featured
What Future for Venezuela after the U.S. Oil Carve-up?

* Global Issues & Institutions
* CrisisWatch
* eEARTH
* From Early Warning to Early Action
* Gender & Conflict
* Global Order and Peacemaking
* Multilateral Diplomacy

* Latest Updates
* Africa
* Asia-Pacific
* Europe
* Latin America & Caribbean
* Middle East & North Africa
* United States
* Global Issues & Institutions
* My Reading List
*

!US Energy Secretary Chris Wright (L) and Venezuela's interim President Delcy Rodriguez (R) talk during a meeting over an oil agreement at the Miraflores Presidential Palace in Caracas on September 2, 2026.

US Energy Secretary Chris Wright (L) and Venezuela's interim President Delcy Rodriguez (R) talk during a meeting over an oi