Who Is Trying to Make Money in Venezuela Right Now? |
President Trump has made his intentions in Venezuela quite clear since his press conference announcing the capture of Nicolás Maduro: The U.S. intervened to “take over” the nation’s crumbling oil infrastructure to get the “riches” flowing. With this mandate, some traders in the private sector are taking a similar approach to the complex, volatile, and legally spurious situation — by trying to squeeze as much money out of there as fast as they can. Less than a week after Maduro’s ouster, here are the parties extracting wealth, crude or otherwise, from Venezuela.
There have been many questions about the immediate profitability of Venezuelan heavy crude given its difficulty to refine and the dilapidated nature of the nation’s oil infrastructure. But there are takers for this commodity, including the multinational oil-trading firm Trafigura Group based in Singapore. In an interview with