Trump's $100 billion Venezuela oil plan gets a cool reception

  • Posted on January 10, 2026
  • By Business News Today
  • 4 Views
Trump's $100 billion Venezuela oil plan gets a cool reception

President Trump urged U.S. and European oil giants to invest at least $100 billion in Venezuela, but executives expressed hesitation due to past asset seizures and a lack of "durable investment protections." Exxon Mobil stated Venezuela is currently "uninvestable" without legal changes, though it would send an exploratory team with security guarantees.
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