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Trump reshapes Latin America's energy scene

Trump reshapes Latin America's energy scene

The article discusses the moves by the U.S. administration led by Donald Trump to reshape the oil sector in Venezuela, one of Latin America's largest countries in terms of oil reserves, which possesses over 65 billion barrels of equivalent. The steps included Washington's signing of a deal considered the largest in history, allowing control over the majority of these reserves through a partnership with a private company, along with an investment in about 17 oil fields previously linked to Chinese and Russian companies. The aim is to reduce Beijing and Moscow's influence in the region and to strengthen American dominance. This strategy is part of a broader effort to redraw the energy map of the Western Hemisphere, balance influence between the United States, China, and Russia, and exploit mineral resources such as gold. However, these efforts face significant challenges, including the difficulty of restarting the oil sector, which requires massive investments and considerable time. Meanwhile, China and Russia remain keen to preserve their economic and political interests in Venezuela, which is considered a strategic area for U.S. national security. It becomes clear that Venezuelan oil has turned into a key geopolitical tool in the struggle for regional influence, with Washington seeking to enhance its presence and curb its opponents' influence. This raises concerns about the potential use of oil as a tool in political conflicts rather than simply an economic resource.

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