Trump Seeks $100 Billion for Venezuela Oil, Exxon Boss Cites Investment Concerns
Washington, D.C. - U.S. President Donald Trump requested at least $100 billion in oil industry spending for Venezuela, but faced a hesitant response from oil executives at a recent White House meeting, according to the BBC. One executive warned that the South American country was currently "uninvestable."
The meeting, attended by bosses of major U.S. oil firms, centered on the potential opportunities in Venezuela, which possesses vast energy reserves. While the executives acknowledged the allure of Venezuela's resources, they emphasized that significant changes were necessary to make the region an attractive investment.
Despite Trump's proposal, no immediate major financial commitments were made. The BBC reported that the oil executives expressed concerns about the current investment climate in Venezuela. Trump has stated his intention to "unleash" South America.
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