Trump threatens to block ExxonMobil from Venezuela after CEO calls country ‘uninvestable’
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US President Donald Trump has threatened to block ExxonMobil from investing in Venezuela following comments made by the company's CEO, Darren Woods, who labeled the country 'uninvestable'. During a recent meeting at the White House with oil executives, Woods expressed that significant legal changes would be necessary for Venezuela to become an appealing investment destination. Trump's remarks indicate a potential rift between the administration's push for oil investment and the realities of the Venezuelan market.
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The backdrop of this situation is the ongoing political turmoil in Venezuela under Nicolás Maduro's regime, which has led to a significant decline in foreign investment. The US has been critical of Maduro and has imposed sanctions, aiming to reshape the political landscape. Trump's administration has been actively seeking to engage oil companies in the region, despite the risks involved.
This article reflects the opinions and analysis of the author and may not represent the views of all stakeholders involved.
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