Venezuelan opposition up in arms over reports US wants big stake in oil and gas

Critics call move to gain long-term access to country’s massive energy reserves ‘predatory’ and ‘unconstitutional’ Reports that the US is preparing to claim a big stake in Venezuela’s massive energy reserves have sparked an outcry, with critics describing the move as “predatory” and “unconstitutional”.

Several media outlets this week reported that the Trump administration – which abducted Venezuela’s authoritarian president, Nicolás Maduro, in January and has steered the South American country ever since – hopes to secure long-term access to its oil and gasfields.

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