EAI brief: a renewed desire to exploit Venezuela’s Orinoco Heavy Oil Belt or Faja

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 8.Jan.2026, Words: 399) — Venezuela’s oil sector is again in the spotlight.

This time in the immediate aftermath of US military actions aimed at a regime change in Venezuela, and amid an ongoing pivot by Big Oil and other energy companies back to crude oil. Importantly, this latter point comes after years of the energy sector eyeing and moving into low-carbon ventures.