Trump Hints Taxpayers May Fund Venezuela Oil Rebuild; Maduro Pleads Not Guilty

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Firstpost•06-01-2026, 08:47
Trump Hints Taxpayers May Fund Venezuela Oil Rebuild; Maduro Pleads Not Guilty
- •President Trump suggests American taxpayers could cover costs for rebuilding Venezuela's oil infrastructure, with companies reimbursed by the US or revenue.
- •US Department of Energy Secretary Chris Wright is set to meet with oil executives to discuss boosting Venezuelan oil production.
- •The administration aims to re-engage major US oil firms like Exxon Mobil, ConocoPhillips, and Chevron in Venezuela after a two-decade absence.
- •Oil industry executives contradict Trump's claims of prior meetings regarding Venezuelan operations.
- •Nicolas Maduro, arrested by the US military, pleaded not guilty in a US court to drug trafficking charges, claiming he was "kidnapped" and remains president.
Why It Matters: Trump eyes taxpayer funds for Venezuela oil, while Maduro, arrested by US, pleads not guilty.
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