Where Has Venezuela's Oil Gone?

Summary by Krater

This video examines how Venezuelan oil revenue has been handled and distributed following the U.S. capture of President Nicolás Maduro, exploring the involvement of Qatar, China, and major international commodity traders and oil companies. It concludes that while the arrangement aims to revitalize Venezuela's oil infrastructure, it is plagued by lack of transparency, massive foreign debts, and ongoing legal disputes.

From the video

Answers: Where has the oil and money from Venezuela gone following the U.S. capture of Nicolás Maduro?

• Venezuela oil production
• U.S. capture of Nicolás Maduro
• Qatar oil revenue account
• China grey market oil trade
• Venezuela debt restructuring
• Global oil trading houses

What it concludes

• Venezuela's crude oil production has collapsed by roughly 75% since its peak in the late 1990s.
• China was taking roughly 80% of Venezuela's total oil exports by late 2025.
• Trafigura and Vitol were granted OFAC licenses to handle Venezuelan crude oil exports.
• ConocoPhillips secured an $8.7 billion award for loss of Venezuela assets, with interest ballooning past $12 billion.
• Guyana's GDP has increased roughly 500% in less than a decade after discovering oil reserves in 2015.