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flag U.S. Interior Secretary Doug Burgum visited Venezuela on March 4, 2026, to discuss oil, gas, and minerals development, marking the first U.S. sale of sanctioned Venezuelan oil and signaling a shift in U.S. policy to reduce Chinese influence in Latin America.

flag U.S. flag Interior Secretary Doug Burgum visited Venezuela on March 4, 2026, meeting with acting President Delcy Rodríguez to discuss developing the country’s oil, gas, and critical minerals sectors. flag The trip, part of the Trump administration’s strategy to reduce reliance on China and expand American influence in Latin America, follows the U.S. arrest of former President Nicolás Maduro. flag Burgum emphasized potential investment from U.S. companies and announced the first U.S. sale of sanctioned Venezuelan oil, valued at $500 million. flag The administration framed the engagement as a step toward stabilizing Venezuela’s economy and securing strategic resources, with plans to introduce a new mining law and promote safe, regulated operations.

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