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12.01.26 - 04:06
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′They′re playing cute′: Trump ′inclined′ to keep ExxonMobil out of Venezuela — here′s why (Times of India)
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President Trump expressed displeasure with ExxonMobil's assessment of Venezuela's investment climate, calling their stance "too cute." This follows a meeting where Trump urged oil firms to engage directly with the US, not the Venezuelan government. ExxonMobil's CEO deemed the country "uninvestable" due to current commercial frameworks. Trump's administration is actively seeking US oil company investment to aid Venezuela's recovery....
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11.01.26 - 00:12
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"Uninvestable": Trump′s $100 Billion Venezuela Gamble Meets Oil Industry Reality (ZeroHedge)
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"Uninvestable": Trump's $100 Billion Venezuela Gamble Meets Oil Industry Reality
President Donald Trump's push for U.S. oil companies to commit at least $100 billion toward rebuilding Venezuela's energy industry is meeting significant resistance from the very executives he is courting, according to Bloomberg.
Although the White House projects confidence, industry leaders are warning that Venezuela remains too unstable for major investment, with Exxon Mobil CEO Darren Woods describing the country bluntly as “uninvestable.”
At a closed-door meeting Friday with roughly 20 energy executives, Trump said he expected an agreement “today or very shortly thereafter” to restart large-scale drilling in Venezuela following the removal of Nicolás Maduro. He applied direct pressure, telling the group, “If you don't want to go in, just let me know, because I've got 25 people that aren't here today that are willing to take your place.”
Publicly, many executives praised the opportu...
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