Trump : will meet with executives from major international oil corporations to “exclusively” discuss security and Venezuelan oil

Trump: On Friday (US local time), US President Donald Trump said that he will meet with key executives from the oil business at the White House to discuss Venezuela’s oil, its relationship with the US, security, its citizens, and the “stoppage” of narcotics and criminals into the US.

He posted the comments on Truth Social.

Trump apologized for not being able to take certain oil businesses since the Ballroom is still under renovation and said that Secretary of the Interior Doug Burgum and Energy Chris Wright will meet with them over the course of the next week.At 2:30 PM, the biggest oil companies in the world will visit the White House. Everyone wants to attend. The Ballroom would be packed if it were finished, therefore it’s unfortunate that it hasn’t. We regret to the oil companies that we are unable to visit today; but, Secretary of the Interior Doug Burgum and Secretary of Energy Chris Wright will visit them throughout the next week. Everybody communicates with each other every day. Venezuelan oil, our long-term connection with Venezuela, its security, and its people will be the main topics of discussion at today’s meeting. The decrease in oil prices for the American people will be a major element in this engagement. Stopping the entry of criminals and drugs into the United States of America will also be crucial. I appreciate you taking the time to consider this.Trump posted on Truth Social.

According to the US president, Colombian President Gustavo Petro is scheduled to visit the White House in the first week of February to discuss security and suspected drug smuggling over the US border.

“I look forward to having a meeting with Gustavo Petro, the President of Colombia, in the White House, during the first week of February,” he said on social media, adding that he was certain the meeting would go well. Colombia and the United States of America would undoubtedly benefit much from it, but cocaine and other narcotics must be prevented from entering the country. I appreciate you taking the time to consider this.

In order to assist revitalize Venezuela’s struggling oil industry, US President Donald Trump will meet with leading oil industry executives at the White House and ask for pledges of up to USD 100 billion in investment.

“At least 100 Billion Dollars will be invested by BIG OIL, all of whom I will be meeting with today at The White House,” Trump said in a post on his social media site Truth Social.

CNN reports that the drive is intended to gain support for plans to repair Venezuela’s oil infrastructure from companies including ConocoPhillips, ExxonMobil, and Chevron.

Following Trump’s “large-scale strike” in Venezuela on Saturday that resulted in the detention of its leader, Nicolas Maduro, and his wife, Cilia Flores, the meeting takes place in the context of a larger US effort to leverage Venezuela’s enormous oil reserves and transform the country’s energy environment. In a coordinated effort by US law enforcement and intelligence services, Maduro and Flores were airlifted out of the nation. They are now on trial after being charged with “drug trafficking and narco-terrorism conspiracies” in the Southern District of New York.

Trump said, “We’re in charge,” after the operation, but Maduro’s longstanding vice president, Delcy Rodriguez, was sworn in as the acting president on Monday, indicating that the United States would keep a tight eye on events in Venezuela.

Trump had previously declared on Tuesday that the US would receive between 30 and 50 million barrels of sanctioned oil from Venezuela’s interim government. The oil would be sold at market value, but Trump would control the funds to make sure they were used for the benefit of both the US and Venezuelan citizens.

The USD 100 billion amount, however, was unexpected and unsupported by firm promises, according to an industry source who spoke to CNN, adding that it “could be…to pressure the industry.”This USD 100 billion number is the first we’ve seen, and we have no clue where it comes from. CNN reported the source as saying, “It’s possible that Trump is putting pressure on the industry by putting this number out there.”According to CNN, many businesses are still hesitant to make significant investments because they are worried about political unpredictability, potential legal issues, and the expense of restoring deteriorating infrastructure.

In the past, executives have highlighted difficulties in Venezuela’s oil industry, pointing to decades of underinvestment, sanctions, and uncertainty that have reduced production to a small portion of its previous levels.

Companies have mostly avoided making specific investment commitments without official contracts and legal safeguards, CNN said, despite Trump’s attempt to present Venezuela as an economic opportunity.