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Reposted by Sabine Grandadam

The New York Times @nytimes.com · 09/01/2026

Venezuela’s oil industry has undergone major shifts and two waves of nationalization since its first well started pumping in 1914. It's now entering a new and uncertain phase following the U.S. capture of President Nicolás Maduro. Here’s a look at some of the key events.

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Venezuela’s Oil Industry: A Timeline of Key Events

The country’s oil industry has undergone major shifts and two waves of nationalization since its first well started pumping in 1914.

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