The president has unveiled a plan to open Venezuela’s petroleum industry to American companies
President Donald Trump has said the US would control more than half of the world’s oil production if American companies regain access to Venezuela’s petroleum industry.
Venezuela, which has the world’s largest proven oil reserves, nationalized the assets of US companies in the 2000s during the presidency of socialist Hugo Chavez.
Trump cited the “unfair” nationalization as one of the reasons he sent commandos last week to abduct Chavez’s successor, Venezuelan President Nicolas Maduro, from his compound in Caracas.
“We’re going to be working with…
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