US EditionA $100 Billion Headache for America's Oil Industry
7 Articles
7 Articles
American companies will have to breathe life into an entire sector of a country.
After the capture of Nicolás Maduro by the United States and Donald Trump’s announcement of being in charge of the country until a transition, one of the unknowns that have emerged is regarding the future of Venezuelan oil and its impact on the global economy. In a new edition of DF En Infinita, Gabriela Arteaga, editor of DF SUD analyzes the projections of the industry.
Although Donald Trump talks about American oil giants and quick profits, reviving Venezuela's oil industry promises to be a long, expensive and politically risky process.
Relaunching Venezuela's oil industry "under American leadership" could take years and require investments of more than $100 billion, according to a Bloomberg analysis.
Trump’s Venezuela Oil Plan Faces $100 Billion Price Tag and a Decade-Long Timeline
WASHINGTON – The Trump administration is weighing a sweeping effort to revive Venezuela’s oil industry following what U.S. officials describe as the capture of President Nicolás Maduro, a move that would require as much as $100 billion in investment and up to ten years to restore meaningful production, according to energy analysts and former industry executives.The proposal, outlined publicly by President Donald Trump over the weekend, centers o…
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