Trump Pressures Big Oil for $100 Billion Venezuela Investment After Maduro's Capture

World
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Moneycontrol•10-01-2026, 02:45
Trump Pressures Big Oil for $100 Billion Venezuela Investment After Maduro's Capture
- •President Trump urged major oil companies to invest at least $100 billion in Venezuela following the US capture of Nicolás Maduro.
- •Trump stated companies would fund the investment themselves, warning that others were ready to step in if they declined.
- •The move aims to revitalize Venezuela's oil infrastructure and secure its massive reserves, framed as a national security and economic opportunity.
- •Executives from Chevron, Exxon Mobil, and ConocoPhillips, with past Venezuela experience, attended the White House meeting.
- •Concerns exist among oil operators about current low prices and the potential for Venezuelan crude influx to suppress prices further.
Why It Matters: Trump pushes US oil giants to invest $100 billion in Venezuela's oil sector post-Maduro capture.
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