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Trump Calls on Oil Giants to Invest in Venezuela After Maduro's Arrest

Published January 10, 2026, 09:19
Trump Calls on Oil Giants to Invest in Venezuela After Maduro's Arrest

Donald Trump met with executives from major oil companies at the White House, a week after the arrest of Nicolás Maduro in Venezuela. Trump urged them to invest in Venezuela's vast oil reserves, assuring them that their investments would be “absolutely safe.” However, not everyone was convinced, as Trump did not offer clear guarantees for the protection of investments, beyond the assurance that activity would be under the auspices of the United States. Companies like ExxonMobil and ConocoPhillips had previously withdrawn from Venezuela due to nationalizations. US Energy Secretary Chris Wright acknowledged that it would take time to restart oil production in Venezuela.