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
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.
