© 2026 New Hampshire Public Radio

Persons with disabilities who need assistance accessing NHPR's FCC public files, please contact us at publicfile@nhpr.org.
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Own a business? Expand your reach and grow your audience by becoming an underwriter on NHPR.

The challenges of rebuilding Venezuela's oil industry and questions about who will do it

Vehicles drive past the El Palito refinery in Puerto Cabello, Venezuela, Sunday, Dec. 21, 2025. (Matias Delacroix/AP)
Matias Delacroix/AP
Vehicles drive past the El Palito refinery in Puerto Cabello, Venezuela, Sunday, Dec. 21, 2025. (Matias Delacroix/AP)

When President Trump spoke about Venezuela’s future on Saturday, after the U.S. military action and arrest of its president, Nicolás Maduro, he said that the country’s decimated oil infrastructure will be rebuilt and start making money again.

Here & Now‘s Scott Tong speaks with Francisco Monaldi, who’s a fellow in Latin American energy policy and the director of the Latin America Energy Program at the Center for Energy Studies at Rice University, about the major challenges of rebuilding the Venezuelan oil industry and how it will require many years and tens of billions of dollars.

This article was originally published on WBUR.org.

Copyright 2026 WBUR

Tags
Here & Now Newsroom
Related Content

You make NHPR possible.

NHPR is nonprofit and independent. We rely on readers like you to support the local, national, and international coverage on this website. Your support makes this news available to everyone.

Give today. A monthly donation of $5 makes a real difference.