💨 Abstract

The Trump administration aims to quickly boost Venezuela's oil production, despite analysts' skepticism. The U.S. plans to lift sanctions to allow access to necessary equipment and technologies. President Trump believes this can be achieved in less than 18 months with significant investment. However, experts argue that Venezuela's degraded infrastructure and the high cost of extracting its heavy crude make rapid increases unlikely. Chevron is the only U.S. major currently operating in Venezuela.

Courtesy: theprint.in