Washington DC [US], January 10 (ANI): US President Donald Trump on Friday said that major investments were set to flow into Venezuela’s energy sector following his meeting with top oil and gas executives at the White House, asserting that “a lot of money is going to be made.”
Speaking to reporters, Trump said, “We just had a great meeting with the oil executives. We sort of formed a deal.”
“They’re going to be going in with hundreds of billions of dollars in drilling oil, and it’s good for Venezuela, and it’s great for the United States,” Fox News quoted Trump as saying. “A lot of money is going to be made. Oil prices will come down, although they are getting down pretty good now without it, and it was a great meeting we had today with the biggest companies anywhere in the world,” he added.
Earlier, Trump assured industry leaders of safety and security for their operations in Venezuela.
He said the United States had originally built Venezuela’s oil industry using American expertise and investment, and pledged that his administration would now act to reclaim assets he claimed were “stolen.”
Trump said he was pleased to welcome nearly two dozen of the “biggest and most respected” oil and gas executives in the world to the White House.
The US President said the departure of Nicolas Maduro had created the opportunity for an “incredible future” for both countries, adding that it would lead to deeper integration between the economies of what he described as the two major energy powers of the Western Hemisphere.
Assuring executives of stability, Trump said, “You’re dealing with us directly, not Venezuela. You have total safety, security; it’s a whole different Venezuela.”
He also highlighted America’s historical role in developing the country’s energy sector. “Decades ago, the United States built Venezuela’s oil industry with American skill, technology, know-how and dollars. But those assets were stolen from us, and we had Presidents who did nothing about it. Now, we’re doing everything about it,” Trump said.
The meeting comes amid broader efforts by the Trump administration to attract at least USD 100 billion in private investment to revive Venezuela’s struggling oil infrastructure. (ANI)
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