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Trump’s plans for Venezuelan oil not starting out well

Tuesday, January 13th, 2026 Category: Regulations & Policy
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Trump’s plans for Venezuelan oil not starting out well

President Donald Trump’s ambitious plan to revitalize Venezuela’s oil industry through USD$100B in private investment faces significant obstacles as major oil companies express skepticism, culminating in Trump threatening Sunday to exclude ExxonMobil from the South American nation after its CEO called Venezuela “uninvestable.”

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