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Chris Wright Responds To Critics Of The US-Venezuela Oil Deal

02 SEP 2026 · 16:10 ET·3:31·3.69K VIEWS·0.3× USUAL PACE

U.S. official Chris Wright defended a new oil deal with Venezuela against critics, stating it is a "massive win" for both countries. He explained that the deal will bring underground resources to the surface by investing capital, money, and technology, which will benefit Venezuelans' lives and supply energy to Americans. Wright also addressed the choice of Alejandro Betancourt's company as a local partner, citing its scale, technology, and proven track record in Venezuela.

WHY IT MATTERS

The deal aims to boost oil production by leveraging private industry and foreign capital, potentially impacting global energy markets and the economic well-being of Venezuela and the United States.

CHRIS WRIGHT VENEZUELA OIL DEAL ALEJANDRO BETANCOURT CHEVRON

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