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Trump administration to reportedly meet with US oil executives as Maduro claims he is ‘still president’ of Venezuela – live

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The Guardian
January 5, 2026 11:56 PM
YoyoFeed Summarized

The Trump administration is reportedly planning to meet with executives from major U. S. oil companies, including Chevron, ConocoPhillips, and ExxonMobil, to discuss potential investments in Venezuela's oil infrastructure.

Trump administration to reportedly meet with US oil executives as Maduro claims he is ‘still president’ of Venezuela – live - 1. Resim

President Trump has suggested that U. S. taxpayers might ultimately reimburse these companies for the significant costs associated with repairing and revitalizing Venezuela's oil extraction and shipping capabilities.

This comes amidst uncertainty surrounding the political future of Venezuela, as Nicolás Maduro, who claims to still be the president, has been arrested and faces charges in the U. S. for drug trafficking and narco-terrorism.

While Trump expressed optimism about oil companies investing, reports indicate that these companies are hesitant due to the lack of a stable and predictable political environment in Venezuela. The U.

S. energy secretary is expected to discuss these matters with oil company representatives at a conference in Miami. Venezuela's oil production has significantly declined since 1999.

What is the U.S. government's proposed funding mechanism for Venezuelan oil infrastructure repairs?
President Trump suggested that U.S. taxpayers could fund the rebuilding of Venezuela's oil infrastructure, with American oil companies potentially being reimbursed by the U.S. government or through future revenues.
Why are major U.S. oil companies hesitant to invest in Venezuela?
The oil companies are reluctant to invest due to significant uncertainty about who will be in control of Venezuela's government and a need for a long-term, stable environment for investment.
What actions have been taken against Nicolás Maduro?
Nicolás Maduro has been arrested and faces charges in the U.S. for drug trafficking and narco-terrorism. Switzerland has also frozen any Swiss-based assets linked to him.