Trump Sees US Oil Producers Spending Billions in Venezuela
An oil pumpjack on Lake Maracaibo in Cabimas, Zulia state, Venezuela.
Source: Bloomberg
President Donald Trump said US oil companies will spend billions of dollars to rebuild Venezuela’s crumbling energy infrastructure after a military operation that led to the capture of Nicolas Maduro, the country’s former leader.
During a press conference Saturday at his Mar-a-Lago estate in Florida, Trump described an ambitious vision to use US financial resources and industry knowhow to restore the South American nation’s oil sector to its former glory.