meta_pixel
Tapesearch Logo
Log in
Marketplace All-in-One

Venezuela wakes up to continued uncertainty

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 5 January 2026

⏱️ 7 minutes

🧾️ Download transcript

Summary

From the BBC World Service: The U.S. stunned the world with the capture of Venezuelan President Nicolás Maduro over the weekend. Donald Trump has said U.S. companies will fix Venezuela's badly broken oil infrastructure and start making money for the country. We’ll hear more about reactions on the ground in Venezuela and learn more about its role in the global oil supply chain. Also: an allowance for Iranian citizens and a meeting between the leaders of China and South Korea.

Transcript

Click on a timestamp to play from that location

0:00.0

Venezuela wakes up to uncertainty as Maduro is set to appear in court.

0:06.3

Live from the UK, this is the Marketplace Morning Report from the BBC World Service.

0:10.8

I'm Hannah Malane. Good morning.

0:13.2

The US stunned the world with the capture of Venezuelan President Nicholas Maduro on the weekend.

0:18.2

Two days on, our reporter in the capital, Caracas, Vanessa Silva,

0:22.3

tells us what the mood is like. People living with a huge uncertainty, you know, people is

0:28.3

worried about what will come next. It's just still processing the whole information.

0:35.0

And, you know, worry about about the economy worried about the political

0:40.7

future people now is worried that everything is possible but they don't know everything is

0:47.4

unprecedented nothing like this happened before is is like a movie people is just wondering all these events, how it's going to affect

1:00.0

their lives. Vanessa Silver. Now, Donald Trump has said U.S. companies will fix Venezuela's

1:05.9

badly broken oil infrastructure and start making money for the country. Venezuela has the world's largest

1:11.7

proven oil reserve but accounts for a very small amount of global supply, the main buyers being

1:16.9

China and Cuba. Bob McNally is the founder and president of the Rapidan Energy Group in Washington,

1:22.4

D.C. and Texas, he explained why the country produces so little. Mismanagement, pure and simple mismanagement.

1:31.0

Peda Vesa, the national oil company, had terrific talent.

1:34.5

That talent has fled, and they're working in fields in the Middle East, in Canada and elsewhere.

1:39.1

And they were expertly run.

1:41.0

These are very complex projects.

1:43.0

This is not your standard poke around for oil and

1:46.3

produce a well. These are really almost like manufacturing processes to produce and upgrade

1:52.3

and then dilute these, this heavy oil is a huge mammoth undertaking. It requires sophistication

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.