The United States government is taking steps to facilitate oil shipments from Venezuela following the capture of President Nicolas Maduro, involving both policy adjustments and engagement with the private sector.

US Engagement with Oil Industry and Venezuela

White House officials confirmed a meeting between US oil executives and President Donald Trump to discuss the "immense opportunity" in Venezuela's oil sector. Concurrently, the Department of Energy Secretary is actively working to convince US oil companies to invest in Venezuelan production. While major oil companies have been largely silent publicly, Chevron continues its joint venture in the country, whereas ExxonMobil and ConocoPhillips left after asset seizures in 2007. The administration asserts there is significant private sector eagerness to invest.

Oil Shipment Deal and Sanctions Rollback

A deal has been revealed for Venezuela to send between 30 million and 50 million barrels of crude to the US. This oil consists of previously sanctioned cargoes that were immobilized. To facilitate these shipments, the US will "selectively" roll back its sanctions on Venezuelan oil. Proceeds from the sales will first be directed to US-controlled bank accounts to ensure legitimate fund distribution. The agreement was made with Venezuela's interim authorities and the private oil industry, and the US government has already begun marketing this crude globally for its own benefit.

US Influence and Geopolitical Stance

The US maintains it is in "close correspondence" with Venezuela's interim authorities and believes it has "maximum leverage," stating that their decisions will be dictated by the US. While not confirming specific demands, the administration has clearly communicated to the interim authorities that American dominance in the Western Hemisphere will continue. Meanwhile, Venezuela's state-owned oil company, PDVSA, continues to negotiate oil sales with the US.