
Trump Says He’s Inclined to ‘Keep Exxon Out’ of Venezuela Plans
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President Donald Trump has indicated a preference to exclude Exxon Mobil Corp. from his plans to encourage US oil companies to invest over $100 billion in revitalizing Venezuela's oil sector. His dissatisfaction stems from the company's reaction to his initiative. This decision could significantly impact Exxon’s operations and the broader landscape of US-Venezuela relations.
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Venezuela's oil industry has been in decline for years due to mismanagement and sanctions. The US government's push for investment in this sector is part of a broader strategy to stabilize the Venezuelan economy and counteract the influence of rival nations. Trump's comments suggest a more selective approach to partnerships in this initiative.
This article is based on information from Bloomberg and reflects the views of the author and sources cited.
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