Burgum says Venezuela will protect mining and oil interests

US Interior Secretary Doug Burgum says Venezuela will protect foreign mining sites. New licenses aim to boost oil and mineral output across the entire country.

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United States Interior Secretary Doug Burgum concluded a high-level diplomatic mission to Venezuela on Thursday, expressing strong confidence in the nation's economic transition. During his two-day visit, Burgum emphasized that a new mining law and the upcoming issuance of operating licenses would provide a clear path for international firms to re-enter the market. He noted that the interim administration led by Delcy Rodriguez has pledged to ensure the security of foreign assets and personnel as they look to tap into the country's vast natural resources.

U.S. Interior Secretary Doug Burgum provides a statement at Miraflores Palace in Caracas, accompanied by Venezuelan interim President Delcy Rodriguez, on March 4, 2026. REUTERS/Leonardo Fernandez Viloria
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