Trump’s Venezuela oil move: What happens next?

A massive oil announcement, a planned meeting with refinery executives and questions about who controls one of the world’s biggest energy reserves — what do we know so far? A former US ambassador shares his insights.

PoliticsVenezuela

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PoliticsVenezuelahttps://p.dw.com/p/5JvlE

The deal with Venezuela would give the US majority control of 65 billion barrels of recoverable oil, US President Donald Trump said on Friday.

Venezuela has the world’s largest proven reserves. Its government has operated under intense pressure from the Trump administration since US forces kidnapped its longtime ruler Nicolas Maduro at the beginning of this year. 

Who is likely to benefit, and who might lose from a deal like this?

DW put these and other questions to John D. Feeley, who served in a number of diplomatic postings across Latin America, ending as US ambassador to Panama. Feeley is now executive director for the Center for Media Integrity of the Americas. 

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