Summary
President Donald Trump has expressed a strong interest in U.S. companies developing Venezuela's oil resources following a change in leadership there. He criticized ExxonMobil for not showing enough enthusiasm in this effort. Trump met with top oil executives from various companies to discuss investing in Venezuela's energy sector.
Key Facts
- President Trump wants U.S. companies to help develop Venezuela's oil resources.
- There has been a leadership change in Venezuela, with Nicolás Maduro removed from power.
- Trump expressed disappointment with ExxonMobil's lack of interest in the project.
- ExxonMobil's CEO described Venezuela as "uninvestable" due to legal and commercial challenges.
- U.S. firms have been cautious about entering Venezuela because of its unstable political situation.
- Trump discussed plans with major oil companies to rebuild Venezuela's energy infrastructure.
- He assured oil companies of safety but acknowledged they can manage their projects.
- The plan envisions a rapid, 18-month, $100-billion investment effort by U.S. firms.
