Story perspectives

U.S. and Venezuela Seek Mining Cooperation After Maduro's Capture

3/7/2026

Summary

Story summary

U.S. Interior Secretary Doug Burgum visited Venezuela to advance mining and oil cooperation.
In talks with interim President Delcy Rodríguez, they discussed reforming mining laws to attract foreign investment.
Burgum said U.S. companies are eager to invest.
Rodríguez promised security for foreign firms amid mining-area crime concerns.
The engagement followed a U.S. military operation that captured former President Nicolás Maduro, signaling a shift in relations.

History

Historical Context

In January 2026, the U.S. launched Operation Absolute Resolve, capturing Venezuelan President Nicolás Maduro amid long-standing tensions dating back to Hugo Chávez's presidency in 1999. This military action, justified by the U.S. as a law enforcement measure against narcoterrorism, reflects a renewed interest in Venezuela's vast oil reserves, which hold approximately 17% of the world's total.

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Story summary

U.S. Interior Secretary Doug Burgum visited Venezuela to advance mining and oil cooperation.
In talks with interim President Delcy Rodríguez, they discussed reforming mining laws to attract foreign investment.
Burgum said U.S. companies are eager to invest.
Rodríguez promised security for foreign firms amid mining-area crime concerns.
The engagement followed a U.S. military operation that captured former President Nicolás Maduro, signaling a shift in relations.

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