Oil companies

Trump pushes for $100 billion oil investment in Venezuela, while Exxon and others say it’s currently “uninvestable” without major reforms

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Trump pushes for 0 billion oil investment in Venezuela, while Exxon and others say it’s currently “uninvestable” without major reforms

President Donald Trump has said that US oil companies, as well as some European players, will spend at least $100 billion in Venezuela to “rebuild very quickly. [its] dilapidated oil industry” and creating great wealth during a meeting with top oil executives on January 9 at the White House. But the CEOs of ExxonMobil, ConocoPhillips … Read more

Admin Trump sends tough private message to oil companies in Venezuela

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Admin Trump sends tough private message to oil companies in Venezuela

US oil companies have long hoped to recover the assets that Venezuela’s authoritarian regime wrested from them decades ago. Now, the Trump administration is offering to help them achieve that goal — with one major condition. Administration officials have told oil executives in recent weeks that if they want compensation for their rigs, pipelines and … Read more