WASHINGTON, D.C. — The United States and Venezuela announced Thursday they are restoring diplomatic and consular relations, signaling a significant shift in relations after Washington removed former president Nicolás Maduro earlier this year.
The announcement came as U.S. Interior Secretary Doug Burgum concluded a two-day visit to Venezuela. The trip is part of the Trump administration’s effort to expand access to the country’s vast oil, mineral, and mining resources.
In a statement, the U.S. State Department said the renewed diplomatic engagement would help promote “stability, support economic recovery, and advance political reconciliation in Venezuela.” Officials added that the effort is intended to create conditions for a peaceful transition toward a democratically elected government.
Venezuela’s foreign ministry described the move as the beginning of a “constructive dialogue” based on mutual respect and cooperation between the two countries.
During his visit, Burgum said Venezuelan officials assured him the government would provide security for foreign companies interested in investing in mining operations. He noted that dozens of companies have expressed interest in the country’s resources, which include gold, diamonds, bauxite, and coltan.
The diplomatic thaw follows a U.S. military operation in January that resulted in Maduro’s capture and his transfer to the United States to face drug trafficking charges.
Venezuela holds the world’s largest proven oil reserves and vast mineral deposits, making the country a major target for renewed energy and mining investment.
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