With President Nicolás Maduro deposed, President Donald Trump wants US oil giants to revive Venezuela’s energy industry. Though it’s unclear who, if anyone, will take part in his plan, Chevron is already there.
After the US attack on the South American country and its rendition of President Nicolás Maduro, Trump said he wants to rebuild the country’s beleaguered infrastructure. While the oil majors mull his entreaties, Chevron may have a distinct advantage since it’s been operating in Venezuela for decades.
00:00 Introduction
01:58 Venezuela’s oil
02:41 Economic glory days
05:24 Hugo Chávez & socialism
07:17 Economic collapse
08:23 US sanctions
10:04 What’s next
Credit to : Bloomberg Originals
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