Houston’s smaller oil firms are poised to strike major deals with Venezuela’s state oil giant, marking a pivotal step in the Trump administration’s push to revive Venezuelan oil exports. After navigating disputes and seismic setbacks, U.S. pressure and new Venezuelan incentives are paving the way for these agile independents to lead the charge in boosting output—projected at 300,000 barrels daily. While big players wait on political winds, this move could fuel Venezuela’s recovery and unlock a new era of energy growth, though true transformation hinges on rebuilding infrastructure and stabilizing governance.
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