BAKU, Azerbaijan, January 10. US President
Donald Trump announced that American oil companies will invest at
least 100 billion dollars in Venezuela and that the United States
will ensure their security, Trend reports.
Trump emphasized that “our giant oil companies will spend at
least 100 billion dollars of their own money, not government money.
They don’t need government money, but they do need government
protection. They need the government to ensure their safety,”
according to his statement on social media platform Truth
Social.
He also said the companies plan to use these funds to restore
electricity and essential infrastructure in Venezuela, and the
United States will support their security efforts in the
country.
The announcement comes as the Trump administration seeks to
rebuild Venezuela’s oil and gas sector following recent
developments in U.S.–Venezuela relations.
