Venezuela Oil Revival Faces $100B Cost as US-Led Restructuring Reshapes Sector

The Trump administration is promoting a US-led restructuring of Venezuela's oil industry, displacing Russian and Chinese firms from concessions and attracting major oil companies and service providers to boost output and exports to the US. However, the scale of investment required—over $100 billion—and the political and operational risks remain significant, casting uncertainty on the speed and viability of the revival.