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U.S. STRIVES FOR OIL DONIMINANCE IN VENEZUELA


Pres. Donald Trump has signed an Executive Order to ensure current oil revenue for American investors would not be interfered with as the U.S. reestablishes the oil market in freshly Venezuela.
He met with around 20 leaders of U.S. oil companies on Friday to address the outlook on building up the oil business.
Chevron, the only US company with an active presence in Venezuela currently was optimistic. The CEO of Exxon Darren Woods said Venezuela is uninvestible but expressed he is confident that Pres. Trump can put the right changes in place.
Several others also indicated they are interest in investing in the opportunity to invest in this early stage.
“We are ready to invest more in Venezuela,” said Josu Jon Imaz from Repsol.
“Fully committed and ready to go,” said Jeff Hildebrand from Hilcorp in regards to Venezuela.
“We think that Venezuela has a tremendous amount of opportunity,” said Alex Cranberg from Aspect Holdngs.
“We’re ready to invest,” said Claudio Descalzi of Eni.
“We’re ready to go,” said Wael Sawan of Shell. Treasury Sec. said independent oil companies are also expressing interest in getting into oil business with Venezuela.
In 2025 the U.s imposed oil sanctions on Venezuela after declaring the Tren de Aragua gang a terrorist group.
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