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Blackwater founder Erik Prince walks with police on April 5, 2025 in Guayaquil, Ecuador.
(Photo by Agencia Press South/Getty Images)
Trump Admin Planning to Use Private Mercenaries to Shield Oil Plunder Efforts in Venezuela
Erik Prince, the notorious founder of Blackwater, has reportedly been floated as a possible option as the Trump administration seeks help securing and exploiting Venezuela's oil operations.
Jan 15, 2026
The Trump administration is reportedly planning to hire private military contractors—including possibly the notorious mercenary Erik Prince—to provide security as the US works to plunder Venezuela's massive oil reserves.
CNN reported Thursday that "multiple private security companies are already jockeying to get involved in the US presence in Venezuela" as American oil giants push for physical security guarantees before they back President Donald Trump's push for $100 billion in investment in the country.
"Interest is high given the potential payday; during the Iraq War, the US spent some $138 billion on private security, logistics, and reconstruction contractors," the outlet noted. "One source suggested that Erik Prince, the former Blackwater founder and controversial Trump ally, could also be tapped for help. Prince’s Blackwater played an outsized role in Iraq after the 2003 US invasion, providing security, logistics, and support for oil infrastructure. But the firm came under intense scrutiny following the 2007 deadly shooting of Iraqi civilians."
Prince is currently operating in the region, having partnered with Ecuador's right-wing government as part of a crackdown on organized crime that has been replete with human rights abuses.
News of the Trump administration's potential use of private mercenaries in Venezuela came after the US officially completed its first sale of Venezuelan oil. The sale, valued at $500 million, came days after Trump met with top oil executives at the White House to discuss efforts to exploit Venezuela's oil reserves following the illegal US abduction of President Nicolás Maduro earlier this month.
Darren Woods, the CEO of Exxon Mobil, said his company would need "durable investment protections" before making any commitments in Venezuela.
CNN reported Thursday that the Pentagon has "put out a Request for Information to contractors about their ability to support possible US military operations in Venezuela."
"Contractors are also in touch with the State Department’s overseas building operations office to cite interest in providing security if and when the US embassy in Venezuela reopens," according to CNN.
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The Trump administration is reportedly planning to hire private military contractors—including possibly the notorious mercenary Erik Prince—to provide security as the US works to plunder Venezuela's massive oil reserves.
CNN reported Thursday that "multiple private security companies are already jockeying to get involved in the US presence in Venezuela" as American oil giants push for physical security guarantees before they back President Donald Trump's push for $100 billion in investment in the country.
"Interest is high given the potential payday; during the Iraq War, the US spent some $138 billion on private security, logistics, and reconstruction contractors," the outlet noted. "One source suggested that Erik Prince, the former Blackwater founder and controversial Trump ally, could also be tapped for help. Prince’s Blackwater played an outsized role in Iraq after the 2003 US invasion, providing security, logistics, and support for oil infrastructure. But the firm came under intense scrutiny following the 2007 deadly shooting of Iraqi civilians."
Prince is currently operating in the region, having partnered with Ecuador's right-wing government as part of a crackdown on organized crime that has been replete with human rights abuses.
News of the Trump administration's potential use of private mercenaries in Venezuela came after the US officially completed its first sale of Venezuelan oil. The sale, valued at $500 million, came days after Trump met with top oil executives at the White House to discuss efforts to exploit Venezuela's oil reserves following the illegal US abduction of President Nicolás Maduro earlier this month.
Darren Woods, the CEO of Exxon Mobil, said his company would need "durable investment protections" before making any commitments in Venezuela.
CNN reported Thursday that the Pentagon has "put out a Request for Information to contractors about their ability to support possible US military operations in Venezuela."
"Contractors are also in touch with the State Department’s overseas building operations office to cite interest in providing security if and when the US embassy in Venezuela reopens," according to CNN.
The Trump administration is reportedly planning to hire private military contractors—including possibly the notorious mercenary Erik Prince—to provide security as the US works to plunder Venezuela's massive oil reserves.
CNN reported Thursday that "multiple private security companies are already jockeying to get involved in the US presence in Venezuela" as American oil giants push for physical security guarantees before they back President Donald Trump's push for $100 billion in investment in the country.
"Interest is high given the potential payday; during the Iraq War, the US spent some $138 billion on private security, logistics, and reconstruction contractors," the outlet noted. "One source suggested that Erik Prince, the former Blackwater founder and controversial Trump ally, could also be tapped for help. Prince’s Blackwater played an outsized role in Iraq after the 2003 US invasion, providing security, logistics, and support for oil infrastructure. But the firm came under intense scrutiny following the 2007 deadly shooting of Iraqi civilians."
Prince is currently operating in the region, having partnered with Ecuador's right-wing government as part of a crackdown on organized crime that has been replete with human rights abuses.
News of the Trump administration's potential use of private mercenaries in Venezuela came after the US officially completed its first sale of Venezuelan oil. The sale, valued at $500 million, came days after Trump met with top oil executives at the White House to discuss efforts to exploit Venezuela's oil reserves following the illegal US abduction of President Nicolás Maduro earlier this month.
Darren Woods, the CEO of Exxon Mobil, said his company would need "durable investment protections" before making any commitments in Venezuela.
CNN reported Thursday that the Pentagon has "put out a Request for Information to contractors about their ability to support possible US military operations in Venezuela."
"Contractors are also in touch with the State Department’s overseas building operations office to cite interest in providing security if and when the US embassy in Venezuela reopens," according to CNN.
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