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10.01.26 - 10:00
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Trump promises oil companies ′total safety′ in Venezuela as he urges them to invest billions (The Guardian)
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Country is 'uninvestable' today, president told, but CEOs signal they are ready to spend with supportDonald Trump promised oil giants “total safety, total security” in Venezuela in an effort to persuade them to invest $100bn in the country's infrastructure after US forces toppled Nicolás Maduro from power.At a roundtable press conference at the White House on Friday afternoon with more than a dozen oil executives, including leaders from Chevron, ExxonMobil and ConocoPhilips, the US president doubled down on claims that Maduro's arrest presents American oil companies with an unprecedented opportunity for extraction. Continue reading......
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09.01.26 - 17:01
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Happening Today: Trump Meeting With US Oil Execs From Exxon, Shell, Others, To Discuss Venezuela (ZeroHedge)
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Happening Today: Trump Meeting With US Oil Execs From Exxon, Shell, Others, To Discuss Venezuela
President Trump is convening top oil executives at the White House on Friday as part of a push to steer U.S. companies toward investing in Venezuela's struggling oil industry, CBS reported today.
Leaders from Chevron, Exxon, ConocoPhillips, Continental, Halliburton, HKN, Valero, Marathon, Shell, Trafigura, Vitol Americas, Repsol, Eni, Aspect Holdings, Tallgrass, Raisa Energy and Hilcorp are expected to attend, along with Secretary of State Marco Rubio, Energy Secretary Chris Wright and Interior Secretary Doug Burgum. Wright has already held separate talks with several executives earlier in the week.
According to the White House, the discussions will center on “investment opportunities that will restore Venezuelan oil infrastructure.”
Trump has argued that Venezuela's vast oil reserves could help revive its economy while also benefiting U.S. consumers and energy companies. In a recent intervie...
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