Trump administration pitches Venezuela oil foray as anti-corruption effort

  • Trump administration presents its Venezuela oil-sector foray as broader than drilling.
  • U.S. investment in a little-known private operator is central to the initiative.
  • Venezuela’s oil industry has long been troubled by corruption, officials say.

The Trump administration is presenting its entry into Venezuela’s oil sector as more than a drilling venture. Officials argue that investing in a little-known private operator could give the United States an opportunity to police corruption that has long troubled the industry, creating a new rival to established Big Oil players.

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Trump administration pitches Venezuela oil foray as anti-corruption effort - CoinPost Terminal