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The Economic Times News

National / The Economic Times

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Trumps Venezuela oil revival plan is a $100 billion gamble

Reviving Venezuelas oil industry under a US-led plan would take years and cost more than $100 billion, analysts said, as decades of underinvestment and damage have left infrastructure in poor condition. Restoring output to past peaks would require sustained investment of about $10 billion a year for a decade, with any faster recovery needing even more spending.

5 Jan 2026 6:25 am