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Trump met oil industry leaders at the White House,urging major investment in Venezuela’s petroleum reserves after US military action, aiming benefits for both Venezuela and the US.
US President Donald Trump (Photo: AP)
US President Donald Trump on Friday (local time) held a meeting with oil industry leaders at the White House, pressing them to commit to large-scale investment to tap into Venezuela’s vast petroleum reserves following recent US military action in the Latin American nation.
“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 and drilling oil — and it’s good for Venezuela and it’s great for the United States. 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 has today with the biggest companies anywhere in the world,” Trump told reporters.
Washington D.C., United States of America (USA)
January 10, 2026, 07:09 IST
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