Trump to meet with big oil executives at White House about Venezuela

January 9, 2026

TL;DR

President Trump is meeting with oil industry executives to discuss investing in Venezuela.
The aim is to rebuild Venezuelan oil infrastructure with an estimated $100 billion investment.
The U.S. has imposed a quarantine on Venezuelan oil, creating leverage.
The U.S. plans to sell sanctioned Venezuelan oil and control the proceeds.
Chevron is currently the only major U.S. oil company with a presence in Venezuela.
Experts cite high costs, political instability, and nationalization risks as potential barriers to investment.

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