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Trump Meets Oil Executives to Discuss Investment in Venezuela's Energy Sector

KVIA•Friday, January 9, 2026 at 9:00 AM•CNN Newsource

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President Donald Trump is meeting with major oil executives to discuss the potential for U.S. companies to invest in Venezuela's oil infrastructure. Despite the country's vast reserves, executives are hesitant to commit due to concerns over political instability and safety. A consensus among industry experts indicates that restoring Venezuela’s oil production could require over $10 billion annually for more than a decade. Key issues include the need for a stable legal framework and the lifting of U.S. sanctions. The outcome of this meeting could significantly impact future energy investments and U.S.-Venezuela relations.

Key Details: • Meeting scheduled for Friday; no firm investment pledges expected from oil executives. • Restoration of Venezuela's oil infrastructure could cost over $10 billion per year. • Oil companies require guarantees of safety and political stability before investing. • Lifting of U.S. sanctions is a condition for oil companies to consider returning.

trump investment venezuela energy oil

People & Organizations

Donald TrumpVenezuelaChris WrightLuisa PalaciosCitgoDan PickeringRyan KelloggColumbia UniversityPetróleos de Venezuela, SAMike SummersAmerican Petroleum Institute

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