The United States is renewing its focus on Venezuela's vast oil reserves, with President Donald Trump signaling a strong interest in reviving the country's collapsed energy sector through major US oil investments. Currently, China buys most of the country's oil, and both China and Russia have invested billions of dollars in Venezuelan fields.
Experts warn that new US projects will face geopolitical pushback, as Russian and Chinese companies have secured long‑term agreements and continue expanding operations. With over 300 billion barrels of proven reserves, Venezuela remains a strategic prize, but future access will depend heavily on political developments and global power competition.
This video summary was created by AI from the original DW script. It was edited by a journalist before publication.