WASHINGTON—President Donald Trump invited executives of large oil companies to the White House on Friday to discuss investment opportunities that will restore Venezuelan oil infrastructure.
“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.
“When you add Venezuela and the United States together, we have 55 percent of the oil in the world,” Trump said, noting that major oil companies will be spending at least $100 billion to “rebuild the capacity and the infrastructure necessary” in Venezuela….
Trump Says Oil Companies Will Spend $100 Billion in Venezuela
