Updated
Updated · The Washington Post · Oct 8
Ex-Trump Officials Land Venezuela Oil Jobs as U.S. Holds 35% Stake in Major Producer
Updated
Updated · The Washington Post · Oct 8

Ex-Trump Officials Land Venezuela Oil Jobs as U.S. Holds 35% Stake in Major Producer

3 articles · Updated · The Washington Post · Oct 8

Summary

  • Michael Jensen joined startup Primavera on June 1, three days after leaving the White House role overseeing Latin America policy, taking an operations post tied to Venezuela energy projects.
  • Primavera said Jensen’s job covers security, infrastructure and exploration setup—not government affairs—as the company, backed by Coinbase co-founder Fred Ehrsam, signed production agreements with PDVSA last month.
  • Brittany Kelm and Micah Thomas Ketchel are among other former Trump officials moving into Venezuela-related business, while Sable Offshore and Ballard Partners pursue oil and lobbying opportunities in Caracas.
  • Federal law limits ex-officials from lobbying on matters they handled in government, and the companies involved say their hires consulted ethics counsel and complied with all restrictions.
  • The hiring wave reflects a broader rush into Venezuela after the January ouster of Nicolás Maduro and Washington’s takeover of the sector, including a direct 35% U.S. stake in North American Blue Energy Partners.

Insights

Are former officials quietly profiting from a foreign oil market they helped open through military intervention?
Can Western investors overcome crumbling infrastructure and complex sanctions to actually extract Venezuela's untapped oil wealth?
Will the billion-dollar oil contracts signed in Venezuela survive if the newly installed government unexpectedly collapses?