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The Economic Times

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Trump's $100 billion Venezuela oil plan gets a cool reception

President Trump urged U.S. and European oil giants to invest at least $100 billion in Venezuela, but executives expressed hesitation due to past asset seizures and a lack of durable investment protections. Exxon Mobil stated Venezuela is currently uninvestable without legal changes, though it would send an exploratory team with security guarantees.

10 Jan 2026 6:22 am