US EditionTrump administration sets meetings with oil companies over Venezuela: Report
Trump administration aims to revive Venezuela’s oil sector with potential billions in U.S. investments after Maduro’s removal, despite calls by major firms for political and security guarantees.
- Reuters and CBS reported that the White House is scheduling meetings later this week with Exxon Mobil, ConocoPhillips and Chevron to discuss boosting Venezuelan oil production.
- After U.S. forces seized Nicolás Maduro, the White House pushed U.S. oil companies to invest, and U.S. President Donald Trump said he expects billions in spending to revive production.
- Exxon Mobil, ConocoPhillips and Chevron said they had no prior talks with the White House about Venezuela on Monday, citing antitrust limits and noting Chevron operates there under a special license.
- U.S. Energy Secretary Chris Wright will meet oil executives at the Goldman Sachs Energy, CleanTech & Utilities Conference in Miami as officials weigh incentives and the API's advisory role, while the.SPNY rose 2.5% with Exxon Mobil and Chevron gains.
- Analysts warn that returning to 3 million barrels per day requires over a decade of work and Venezuela's proven reserves exceed 303 billion barrels amid political instability and technical challenges.
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After Maduro's fall, Donald Trump announces billions of investments and a reboot of the oil industry – but experts warn: the path to stability is long.
The point is, the Trump administration shouldn't confuse good with goods either, because oil money is fine, but only if...
WASHINGTON.– Donald Trump’s government plans to meet with U.S. oil executives later this week to discuss oil production in Venezuela in the new scenario opened by the capture of Nicolás Maduro, as confirmed by sources close to the issue. The meetings are crucial to Washington’s hopes of getting the U.S. major oil companies back in the country after Chavismo took control two decades ago of the operations led by the Americans.
The Future of Venezuelan Oil: Trump Is Confident that Us Companies Could Extract It Within 1.5 Years
Donald Trump is confident that American corporations could start extracting oil in Venezuela within a year and a half. It is doubtful that this will be possible without political stability in Venezuela. The president plans to meet with representatives of oil companies. The relationship between Washington and Caracas has been shaped for more than a century by how the countries traded oil. From the partnership when Venezuela allowed American corpo…
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