US Pushes Venezuela Oil Revival: Energy Secretary Meets Execs Amid Maduro Capture

World
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Moneycontrol•06-01-2026, 00:46
US Pushes Venezuela Oil Revival: Energy Secretary Meets Execs Amid Maduro Capture
- •US Energy Secretary Chris Wright will meet oil executives this week to discuss reviving Venezuela's energy sector.
- •The discussions follow the capture of President Nicolás Maduro and aim to resuscitate the country's neglected oil production.
- •The meeting is scheduled at the Goldman Sachs Energy, Clean Tech & Utilities Conference in Miami, with Chevron and ConocoPhillips executives attending.
- •US President Donald Trump estimates billions of dollars are needed for the rebirth of Venezuela's oil sector, which holds the world's largest crude reserves.
- •Secretary of State Marco Rubio emphasized that foreign companies would require "certain guarantees and conditions" to invest in the country.
Why It Matters: US pushes Venezuela oil revival, needing billions and investment guarantees from companies.
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