Venezuela's rebound of oil activity under the US's 'neocolonial' control
- Posted on August 11, 2026
- By Le Monde
- 1 Views
- 1 min read
In brief
Venezuela's oil sector shows signs of recovery amid mounting concerns over foreign economic dominance. The Trump administration's pursuit of control over Venezuelan petroleum resources has sparked international debate about sovereignty and fair resource distribution. Experts warn of potential neocolonial dynamics, while local communities struggle to benefit from oil revenues. Transparency issues and governance challenges threaten equitable development across energy-producing regions, raising critical questions about Venezuela's economic future.
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Venezuela's rebound of oil activity under the US's 'neocolonial' control
As Donald Trump has made clear his intention to place Venezuelan oil production under US control, experts have condemned the opacity surrounding the management of revenues from the industry. Civil society organizations have denounced the lack of economic benefits for oil and gas-producing regions.
