A major U.S.-based oil company has expanded its operations in Venezuela following the military-backed removal of President Nicolás Maduro, signaling growing private sector interest in the country’s energy sector. The move comes as Western firms increasingly seek to capitalize on Venezuela’s vast oil reserves amid shifting political dynamics. This latest development reflects broader trends of foreign investment entering the nation as international recognition of the new leadership takes shape. Analysts will be watching whether such investments can stabilize Venezuela’s struggling economy or deepen existing tensions over resource control.
Move by Continental Resources marks latest foray by a western oil producer into the country after US military seized president Nicolás Maduro
