Following the capture of Nicolás Maduro on January 3, United States President Donald Trump stated that American energy companies would enter Venezuela to exploit the nation's petroleum industry. Nearly nine months after those initial statements, the United States and Venezuela have announced a formal oil agreement.
The development marks a significant shift in U.S.-Venezuelan relations and energy policy, moving from the removal of the previous leadership to direct involvement by U.S. energy firms in the South American country's primary economic sector.
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