Name: Trump administration sets meetings with oil firms on Venezuela: source
Uploaded: 2026-01-06T17:20:03.956Z
Duration: 1 min 18 s
Description: The administration of President Donald Trump is planning to meet with executives from U.S. oil companies later this week to discuss boosting Venezuelan oil production after U.S. forces ousted its leader Nicolas Maduro, according to a source familiar with the matter.

The administration of President Donald Trump is planning to meet with executives from U.S. oil companies later this week to discuss boosting Venezuelan oil production after U.S. forces ousted its leader Nicolas Maduro, according to a source familiar with the matter.

Washington

The Trump administration is planning meetings with executives from major U.S. oil companies to discuss boosting oil production in Venezuela after U.S. forces removed Nicolas Maduro from power. The administration aims to reintroduce U.S. firms to Venezuela, which had nationalized foreign energy operations nearly two decades ago.

While President Trump stated that meetings with oil companies have already occurred, industry executives contradicted this, saying no such discussions have taken place. Analysts note that significant challenges remain, including inadequate infrastructure, political instability, and uncertainty about the country's legal and policy environment.

Trump administration sets meetings with oil firms on Venezuela: source

Donald Trump's administration is planning to meet with executives from U.S. oil companies later this week. That's according to a Reuters source, who says the meetings are to discuss boosting Venezuelan oil production after U.S. forces ousted country leader Nicolas Maduro. The administration is eyeing getting U.S. oil companies back into the South American nation after its government took control of U.S.-led energy operations there nearly two decades ago. The White House did not comment on the planned meetings, but said it believed U.S. industry was ready to move into Venezuela. The three biggest U.S. oil companies, ExxonMobil, ConocoPhillips, Chevron, did not immediately respond to requests for comment. According to four industry executives, the three firms have not yet had any conversations with the administration about Maduro's ouster. That contradicts Trump's statement over the weekend. The president said he had already held meetings with all the U.S. companies both before and after Maduro was seized. Trump also said that he expects the firms to spend billions of dollars to boost Venezuela's oil production. But industry analysts say those plans will face challenges. They cite lack of infrastructure and deep uncertainty over the country's political future and legal framework, as well as doubts over long-term U.S. policy.

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