Trump administration sets meetings with oil companies on Venezuela: Report
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The Trump administration is reportedly planning meetings with US oil company executives to discuss increasing Venezuelan oil production following the abduction of Nicolas Maduro. These meetings are considered crucial for re-establishing US oil company operations in Venezuela, which were nationalized nearly two decades ago. However, Exxon Mobil, ConocoPhillips, and Chevron have stated they have not yet had discussions with the administration, contradicting Trump's claims. Boosting Venezuelan oil production would require significant investment and time, despite the country holding the world's largest oil reserves and having crude oil compatible with US refineries. The White House has not commented on the upcoming meetings.
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