CARACAS, Venezuela — U.S. Energy Secretary Chris Wright arrived in Venezuela on Wednesday to conduct an on-the-ground evaluation of the country’s deteriorating oil infrastructure, signaling Washington’s deepening involvement in revitalizing the nation’s most critical economic sector. This high-level visit occurs amid the Trump administration’s ongoing suspension of sanctions designed to permit international energy corporations to resume operations in Venezuela. The diplomatic mission follows last month’s landmark legislative changes in Venezuela that effectively ended the state-owned PDVSA’s two-decade monopoly over oil production and sales. The new energy law permits private companies to control production, manage sales, and participate in independent arbitration processes—a significant departure from the socialist policies that have governed Venezuela’s oil industry since the early 2000s. Secretary Wright is scheduled to meet with acting President Delcy Rodríguez, who assumed office following the controversial military operation that resulted in the removal of former President Nicolás Maduro. Rodríguez personally championed the energy sector reforms after President Trump pledged American assistance in managing Venezuela’s oil exports and attracting foreign investment. The Venezuelan government anticipates these legal safeguards will reassure hesitant U.S. oil giants concerned about political instability and historical expropriation risks.
US Energy Secretary Chris Wright visits Venezuela to assess oil industry overhaul
