Politics
Trump administration courts U.S. oil giants over Venezuela’s future
Trump administration to discuss US oil firms’ re-entry into Venezuela amid changing political landscape and oil production concerns.
Trump administration to discuss US oil firms’ re-entry into Venezuela amid changing political landscape and oil production concerns.
The Trump administration is preparing to meet with senior executives from major US oil companies this week, with Venezuelan oil production firmly on the agenda. The talks aim to encourage American energy giants to re-enter Venezuela following the removal of former President Nicolas Maduro.
Despite expectations of renewed engagement, industry executives say formal discussions about restarting Venezuelan operations have not yet taken place with the White House. That gap has raised questions about how quickly any policy shift could translate into real investment.
Venezuela’s vast oil reserves remain a strategic prize, but the path back for US firms is far from straightforward.
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