UAE's energy company weighs investing in Venezuela as Trump scours for partners: Report

The UAE's state-owned oil company, Adnoc, is reportedly considering investing in Venezuela's natural gas projects. This potential move aligns with US President Donald Trump's desire for foreign investment to rebuild Venezuela's energy sector, especially as major US companies have expressed reluctance due to the investment climate. An investment by Adnoc would likely strengthen the UAE's relationship with the Trump administration, demonstrating a pattern of linking business and diplomacy. This strategy is compared to previous discussions where Adnoc was considered for a role in developing Gaza's gas fields as part of a US-brokered reconstruction plan.