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Trump's Venezuela Oil Plan Faces $100B Cost, Decade Timeline

Trump said U.S. oil firms will invest billions to repair Venezuela's oil infrastructure after capturing Maduro, aiming to unlock underused reserves and sell crude abroad.

  • On Saturday, President Donald Trump said US oil companies would spend billions to fix Venezuela's broken oil infrastructure and that the United States would temporarily run the country.
  • Following years of sanctions and underinvestment, Venezuela's petroleum sector collapsed, leaving PDVSA's infrastructure in poor condition after sanctions imposed by Washington in 2017 and earlier policy shifts.
  • Investors pushed up oil and defense stocks Monday as Chevron, ExxonMobil, ConocoPhillips, oilfield services, Gulf Coast refiners, and Palantir gained.
  • Despite the headlines, Brent Crude traded at $60.62 and West Texas Intermediate at $57.12, both off earlier lows, while the administration said the oil embargo remains in place and Maduro was taken to New York on narcotics charges.
  • Venezuela's proven reserves total 303 billion barrels, but current production is 1 million barrels per day, requiring substantial investment, UBS analyst Giovanni Staunovo warned.
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Politico broke the news in on Saturday, January 3, 2026.
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