Energy Dept. draws fire for slow pace of Venezuelan oil deals
Axios · 3 Aug 2026

Energy Dept. draws fire for slow pace of Venezuelan oil deals

Nearly eight months after President Trump predicted U.S. companies would "rapidly rebuild Venezuela's dilapidated oil industry" to boost production, no new petroleum deals have been finalized there with American firms.The U.S. Department of Energy is largely to blame, a dozen oil industry profession


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