Trump Pressures Big Oil for $100 Billion Venezuela Investment
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President Donald Trump is urging major oil companies to invest at least $100 billion in Venezuela, signaling a significant push to re-engage with the country's oil sector. This move comes in the wake of the US's controversial actions against Venezuelan leader Nicolás Maduro. Trump's comments suggest a belief that a swift agreement can be reached, highlighting the administration's focus on Venezuela's oil resources.
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The US has taken a hardline approach against Nicolás Maduro, recognizing opposition leader Juan Guaidó as the legitimate president. This investment push is part of a broader strategy to undermine Maduro's regime and stabilize the Venezuelan economy, which has been in freefall due to years of mismanagement and sanctions.
This article reflects the views of the author and does not necessarily represent the views of Bloomberg or its affiliates.
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