President Trump committed the U.S. to rebuilding Venezuela's oil industry following Nicolas Maduro's capture. Trump announced the plan Saturday during a press briefing. He stated the U.S. will oversee Venezuela's transition to new leadership. Trump indicated potential troop deployment. The U.S. aims to professionally manage Venezuela, leveraging its vast oil reserves. The plan intends to compensate American companies whose assets were nationalized. Rebuilding the oil infrastructure will cost billions. Venezuela holds the world's largest proven oil reserves. Production declined amid U.S. sanctions and Maduro's policies. The U.S. seeks to utilize Venezuela's oil wealth to fund the mission. The immediate market impact remains to be seen. Further details on the transition plan are expected soon.
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