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Venezuelan opposition up in arms over reports USwants big stake in oil and gas

Critics call move to gain long-term access to country’s massive energy reserves ‘predatory’ and ‘unconstitutional’

This story summarizes reporting from The Guardian. Read the original for full context. Wire items stay in our news sitemap for seven days. Editorial policy.

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Tom Phillips Latin America correspondent28 Aug 2026, 05:41 pmUpdated 18h ago1 min readWorldWorld

World — Tom Phillips Latin America correspondent

Venezuelan opposition up in arms over reports US wants big stake in oil and gas

Critics call move to gain long-term access to country’s massive energy reserves ‘predatory’ and ‘unconstitutional’

Reports that the US is preparing to claim a big stake in Venezuela’s massive energy reserves have sparked an outcry, with critics describing the move as “predatory” and a “rapacious” land grab.

Several media outlets this week reported that the Trump administration – which abducted Venezuela’s authoritarian president, Nicolás Maduro, in January and has steered the South American country ever since – hopes to secure long-term access to its oil and gasfields.

Reports that the US is preparing to claim a big stake in Venezuela’s massive energy reserves have sparked an outcry, with critics describing the move as “predatory” and a “rapacious” land grab.

This report is published with credit to The Guardian. The wire sent a summary; open the original for any extra context. Read on The Guardian →

Source: The Guardian · Tom Phillips Latin America correspondent. Published 28 Aug 2026, 05:41 pm.

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