Environment

Trump promises oil companies ‘total safety’ in Venezuela as he urges them to invest billions

January 10, 2026

During a recent meeting at the White House, Donald Trump urged oil executives to invest $100 billion in Venezuela's infrastructure, assuring them of 'total safety and security' in the country. However, despite praising Trump's actions, the CEOs did not make any firm commitments to restore Venezuela's oil production, citing the current state of the country as 'uninvestable'.

Trump promises oil companies ‘total safety’ in Venezuela as he urges them to invest billions

Credit: Theguardian

Key Highlights

Trump met with oil executives to discuss investment in Venezuela.
He promised 'total safety' to encourage $100 billion investment.
CEOs praised Trump's actions but did not commit to investments.
Venezuela is currently viewed as 'uninvestable' by oil executives.
The meeting included leaders from major oil companies like Chevron and ExxonMobil.

Business Trump administration Donald Trump US news US politics Venezuela World news Americas US foreign policy oil Oil and gas companies

Sources

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.

Trump promises oil companies ‘total safety’ in Venezuela as he urges them to invest billions

Key Highlights

Sources

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