Trump Discusses Reviving Venezuela's Oil Industry with US Oil Giants

Trump's Vision for Venezuela's Oil Sector

• 🇺🇸 President Trump described the ouster of Nicolas Maduro as a "miracle" and expressed optimism that South America would be "happy" with the changes.
• 🤝 Trump met with executives from major US oil companies like Exxon Mobil, ConocoPhillips, and Chevron to discuss the future of Venezuela's energy industry.
• 🗣️ He credited the oil executives for staying in Venezuela despite safety and other risks, stating he had encouraged them to "just stay" six months prior.

Reopening Venezuela for Business

• 🌍 Trump asserted that if the US had not intervened, China or Russia would have stepped in to control Venezuela's oil.
• 📢 He declared that Venezuela would be "open for business" almost immediately, allowing China and Russia to purchase oil.
• ⚖️ The current legal and commercial frameworks in Venezuela are deemed "uninvestable", necessitating significant changes, including durable investment protections and revisions to hydrocarbon laws.

Diplomatic Engagement and Future Steps

• 📞 Trump indicated he would be meeting with representatives of Venezuela soon.
• ✅ He stated that his relationship with the current interim authorities in Venezuela is "very good" and that they realize "the game has changed."