US-Venezuela Tensions

Trump Says Oil Companies Will Spend $100 Billion in Venezuela

Giant oil companies will be spending at least $100 billion to ’rebuild the capacity and the infrastructure necessary' in Venezuela, the president said.
Trump Says Oil Companies Will Spend $100 Billion in Venezuela
President Donald Trump (C) speaks during a meeting with U.S. oil companies' executives in the East Room of the White House in Washington on Jan. 9, 2026. Saul Loeb/AFP
Emel Akan
Emel Akan
Reporter
|Updated:
0:00

WASHINGTON—President Donald Trump invited executives of large oil companies to the White House on Friday to discuss investment opportunities that will restore Venezuela’s oil infrastructure following the ousting of regime leader Nicolás Maduro. Trump said that oil companies will invest at least $100 billion in Venezuela to boost its oil production.

“We’re going to discuss how these great American companies can help rapidly rebuild Venezuela’s dilapidated oil industry and bring millions of barrels of oil production to benefit the United States, the people of Venezuela, and the entire world,” Trump said as he welcomed the executives.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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