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Trump claims US oil firms could be 'up and running' in Venezuela within 18 months

Former President Donald Trump stated that U. S. oil companies could restart operations in Venezuela within 18 months following the ousting of President Nicolás Maduro. He emphasized the need for significant investment from these companies, which would later be reimbursed through revenues.

President Donald Trump nfirms a US military operation in Venezuela during a press nference on 3 January

President Donald Trump nfirms a US military operation in Venezuela during a press nference on 3 January

Credit: Co

Key Highlights

  • Trump claims U. S. oil firms could resume operations in Venezuela within 18 months.
  • The operations follow a military operation that removed Nicolás Maduro from power.
  • Significant investment will be required from oil companies, with reimbursement expected.
  • Meetings between the Trump administration and U. S. petroleum representatives are planned.
  • Analysts suggest restoring Venezuela's oil output could take tens of billions of dollars and possibly a decade.
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Sources

  1. Trump claims US oil firms could be 'up and running' in Venezuela within 18 months

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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