Trump Seeks $100 Billion for Venezuela Oil, Exxon Executive Deems Country 'Uninvestable'
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 White House meeting, according to the BBC. One executive warned that the South American country was currently "uninvestable."
The meeting included bosses from the biggest U.S. oil firms. They acknowledged Venezuela's vast energy reserves presented an enticing opportunity. However, they emphasized that significant changes would be necessary to make the region an attractive investment. No major financial commitments were made during the meeting.
Trump has stated his intention to unleash the South American country's oil potential following the ouster of Nicolas Maduro.
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