Following the recent capture of Venezuelan President Nicolás Maduro, President Trump announced that U.S. oil companies could help revive Venezuela’s struggling oil sector. However, experts caution that American firms are unlikely to invest without a stable political environment and clear legal terms, given the historical context of nationalization. Significant investments, potentially up to $100 billion, are needed to modernize outdated infrastructure. Meanwhile, U.S. companies like Chevron may benefit from proximity to heavy crude resources without extensive capital investment.
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