María Corina Machado Positions Venezuela as Key U.S. Oil Partner at CERAWeek Conference

Venezuelan political leader María Corina Machado promotes Venezuela as a vital U.S. oil partner following the Trump administration's actions against Nicolás Maduro. Speaking at CERAWeek in Houston, she highlights Venezuela's energy potential, including its status as home to the largest proven oil reserves. Machado anticipates a new era of free markets and predicts upcoming elections will show strong support for democratic capitalism, positioning Venezuela as a beacon of wealth creation.

Published Mar 28, 2026

At CERAWeek in Houston, María Corina Machado asserted that Venezuela will become a key oil partner for the U.S. following the Trump administration's efforts to oust Nicolás Maduro. She claimed Venezuela possesses the largest proven oil reserves and the seventh-largest natural gas supply.

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Machado forecasted a shift to free markets and predicted significant changes in the political landscape, with elections expected in about nine months. She emphasized the need for investment in Venezuela's oil and gas sector, which has suffered from corruption and decline. Machado received a positive reception from industry leaders, although experts noted challenges remain in rebuilding investor confidence.