Archie Mitchell
Donald Trump has vowed to tap into Venezuela's oil reserves after seizing President Nicolás Maduro and saying the US will "run" the country until a "safe" transition. The US president wants American oil firms to pile billions of dollars into the South American country, which has the largest crude oil reserves on the planet, to mobilise the largely untapped resource.
He said US companies will fix Venezuela's "badly broken" oil infrastructure and "start making money for the country". But experts warned of huge challenges with Trump's plan, saying it would cost billions and take up to a decade to produce a meaningful uplift in oil output. So can the US really take control of Venezuela's oil reserves? And will Trump's plan work?
With an estimated 303 billion barrels, Venezuela is home to the world's largest proven oil reserves.
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