Top U.S. Energy Official Presses Venezuela to Do More to Spur Investment
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U.S. Energy Secretary Chris Wright visited Venezuela, marking a significant warming of relations between the two countries after the capture of Nicolás Maduro. Wright, one of the highest-ranking U.S. officials to visit in nearly 30 years, urged Venezuela to further overhaul its energy industry to attract foreign investment. Despite recent legislative changes aimed at opening the oil sector, Wright believes more needs to be done to encourage substantial capital flow. He met with interim President Delcy Rodríguez and plans to tour oil-producing operations. While acknowledging risks, Wright emphasized the potential for investment in Venezuela, drawing parallels to Libya and its oil sector.
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