Trump’s Plan for Venezuela’s Oil Infrastructure Following Maduro’s Arrest
President Donald Trump has stated that U.S. oil companies will address Venezuela’s severely damaged oil infrastructure after the arrest of former dictator Nicolas Maduro.
During a press conference at Mar-a-Lago on Saturday, Trump outlined this initiative shortly after the U.S. military conducted Operation Absolute Resolve. He mentioned earlier that the U.S. would “manage” Venezuela until an appropriate transition could take place.
“As we all know, the Venezuelan oil sector has been in a state of total bankruptcy for quite some time, producing almost nothing compared to its potential,” he remarked.
“We’re bringing in a very large American oil company, the largest in the world, to invest billions in fixing our broken infrastructure and to begin generating revenue for the country,” he continued.
According to figures from Kobeisi Letter, Venezuela is reported to have 303 billion barrels of oil reserves, valued at approximately $17.3 trillion, based on current oil prices around $57 per barrel.
“Even at half the market price, selling this oil would still amount to $8.7 trillion,” the Kobeisi Letter highlighted. “Essentially, in just 12 hours, the U.S. would manage oil reserves valued more than the combined GDP of all countries except the U.S. and China.”
He noted, “This figure is four times Japan’s GDP.” Many might not fully grasp how significantly the global landscape has shifted. Markets are expected to respond to this news starting Sunday at 6 PM ET.
Trump also indicated that the U.S. is ready for a second wave of military operations, although he mentioned that the first wave’s success may make it unnecessary. He emphasized that readiness for further actions remains in place.
“We’re prepared for a second wave if it’s needed, and it would be a much larger one. We had planned for a second wave but likely won’t need it now,” he stated. “The first wave was so successful that a second might not be required, but we’re definitely equipped and ready if it comes to that,” he added.
