Philenews

Trump Considers Subsidies for Oil Companies to Rebuild Venezuela's Energy Sector

Published January 6, 2026, 05:04
Trump Considers Subsidies for Oil Companies to Rebuild Venezuela's Energy Sector

US President Donald Trump has left open the possibility of providing subsidies to American oil companies to rebuild Venezuela's energy infrastructure, arguing that oil production could restart in less than 18 months. This move comes alongside the revelation of details regarding a military operation aimed at arresting Venezuelan President Nicolás Maduro, which has sparked international reactions. Trump estimated that leveraging Venezuela's oil reserves could lead to a decrease in oil prices, benefiting the US. Despite Trump's optimism, the oil industry remains cautious due to Venezuela's history of state expropriations, US sanctions, and political instability. The cost of upgrading the infrastructure has not been determined, but is expected to be substantial and covered by oil companies, either through direct compensation from the US government or through future revenues. The final decision on how to compensate will be crucial for attracting investment. According to US Defense Secretary Pete Hegseth, approximately 200 American military personnel and over 150 aircraft participated in the operation in Caracas. The operation aimed to arrest Nicolás Maduro, but there were no casualties among US forces. However, Cuba announced that 32 members of Cuban security services were killed during the US attack, further escalating tensions. The US government appears to be seeking a regime change in Venezuela, with the goal of restoring democracy and leveraging the country's oil resources. This approach, however, has drawn criticism from various sides, who express fears of further destabilization in the region and violation of Venezuela's national sovereignty.