
Trump promises oil companies ‘total safety’ in Venezuela as he urges them to invest billions
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Donald Trump has assured oil companies of 'total safety, total security' in Venezuela, encouraging them to invest $100 billion in the country's infrastructure following the ousting of Nicolás Maduro. During a roundtable discussion at the White House, Trump emphasized the potential for American oil companies to capitalize on the current political upheaval in Venezuela. Executives from major oil firms, including Chevron and ExxonMobil, expressed readiness to invest, signaling a shift in the investment landscape of the country.
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Venezuela has long been plagued by economic challenges and political strife, particularly under Maduro's regime. The recent political changes have created a window of opportunity for foreign investment, especially in the oil sector, which is crucial for the country's economy. Trump's administration is keen on capitalizing on this moment to bolster U.S. energy interests abroad.
This article reflects the views and opinions of the author and does not necessarily represent the views of The Guardian or its affiliates.
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