The US attempts to avoid "harmful" agreements with China in Venezuela, says Energy Secretary

SelfRugger · 2026-03-01T21:51:32+00:00

The U.S. Energy Secretary, Chris Wright, emphasized during his visit to Venezuela that while legitimate deals with Chinese companies are acceptable, the Trump administration aims to prevent harmful agreements made by Beijing in the region.

SelfRugger

2026-03-01 21:51:32

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U.S. Aims to Avoid “Harmful” Deals with China in Venezuela, Says Energy Secretary

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Venezuela’s Acting President, Delcy Rodríguez, Meets with U.S. Energy Secretary, Chris Wright, in Caracas

U.S. Energy Secretary, Chris Wright, and Venezuela’s Acting President, Delcy Rodríguez, not photographed, speak to the media after attending a meeting, marking the highest-level U.S. visit focused on energy policy to the OPEC nation in nearly three decades, as Washington conducts its first on-the-ground assessment of the oil industry it aims to help rebuild, in Caracas, Venezuela, February 11, 2026. REUTERS/Leonardo Fernández Viloria

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Reuters

Thu, February 12, 2026, 11:16 a.m. GMT+9 1 min read

CARACAS, Feb 11 (Reuters) - U.S. Energy Secretary, Chris Wright, said Wednesday during a visit to Venezuela that legitimate Chinese company agreements will be acceptable in Venezuela, but the Trump administration is trying to avoid “harmful” deals that Beijing companies have closed in other regional countries.

Wright, the highest-ranking U.S. official visiting Venezuela since the U.S. captured President Nicolás Maduro last month, said debt restructuring agreements are necessary to compensate companies after the expropriations two decades ago in Venezuela, but that this will not happen “overnight.”

Wright also stated that the risk for energy companies investing in the South American country is lower after the government approved the oil reform last month, but that the changes may not be enough to generate large capital flows.

(Reuters report)

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