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flag U.S. Energy Secretary Chris Wright visited Caracas to assess Venezuela’s oil reforms after sanctions were lifted and a new law ended PDVSA’s monopoly.

flag U.S. Energy Secretary Chris Wright arrived in Caracas on February 11, 2026, for a three-day visit to assess Venezuela’s oil industry overhaul, marking the highest-level U.S. energy-related engagement with the country in nearly 30 years. flag The trip follows the U.S. lifting sanctions and Venezuela passing a new oil law that ends PDVSA’s monopoly, allowing private companies greater control over production, sales, and pricing, along with independent arbitration for disputes. flag Wright met with interim President Delcy Rodríguez, who assumed power after a January 3 U.S.-led operation removed former President Nicolás Maduro. flag The visit is part of President Trump’s broader strategy to boost American energy dominance, reduce reliance on Russian oil, and stabilize Venezuela’s economy through foreign investment.

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