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Canadian Oil Executive Proposes Expertise for Venezuelan Oil Sector Rebuild

Adam Waterous of Strathcona Resources suggests Canada provide heavy-oil expertise to aid Venezuela's oil sector reconstruction. This move could strengthen Canada's trade position amid U.S.-Canada tensions.

Insights:
Adam Waterous adam waterous, executive chair of Strathcona Resources , has publicly proposed that Canada offer its heavy-oil expertise to assist in the reconstruction of Venezuela's VEVEoil industry. This suggestion comes as the Trump administration, led by Donald Trump donald trump, explores avenues to revitalize the Venezuelan oil sector, which has suffered from years of underinvestment and political turmoil.
FILE PHOTO: Canadian oil tycoon, private equity energy investor and Executive Chairman of Strathcona Resources, Adam Waterous poses for a portrait in Calgary, Alberta, Canada, November 20, 2025. REUTERS/Todd Korol/File Photo
FILE PHOTO: Canadian oil tycoon, private equity energy investor and Executive Chairman of Strathcona Resources, Adam Waterous poses for a portrait in Calgary, Alberta, Canada, November 20, 2025. REUTERS/Todd Korol/File Photo
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