Trump meets oil executives for Venezuela plans | US | News
United States President Donald Trump met with US oil executives to try and secure $100 billion in investments to access Venezuela’s petroleum reserves after US forces seized the fifth oil tanker in a month. The executives said they were interested in the opportunity but had concerns given previous asset seizures in Venezuela, the Associated Press reported. CEO of ExxonMobil Darren Woods was among the executives at the White House on Friday, Janauary 9. Woods said the South American country is “un-investable” if one considers the “commercial constructs and frameworks in place today in Venezuela”. His company’s assets have previously been seized twice in the country. He said ExxonMobil, the largest US oil company, would send a team to assess the situation. Representatives from Chevron, which still operates in Venezuela, ConocoPhillips, Halliburton, Valero, Marathon and Shell were also at the meeting. Trump told executives they have “total safety”, even though Venezuela has a history of state asset seizures, ongoing US sanctions and political turmoil. Trump told the executives on Friday that they would be dealing directly …

