https://sputnikglobe.com/20260112/why-americas-oil-giants-arent-eager-to-invest-in-venezuela-in-wake-of-maduros-abduction-1123454402.html
Why America’s Oil Giants Aren’t Eager to Invest in Venezuela in Wake of Maduro’s Abduction
Why America’s Oil Giants Aren’t Eager to Invest in Venezuela in Wake of Maduro’s Abduction
Sputnik International
The significant capital investment required ($100B) and the need to wait up to 15 years to make a profit are the biggest factors hindering oil majors like Exxon, ConocoPhillips and Chevron from returning to the Venezuelan market, says international oil economist Dr. Mamdouh G. Salameh.
2026-01-12T15:57+0000
2026-01-12T15:57+0000
2026-01-12T15:57+0000
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In fact, the companies would probably be happy enough dealing with the existing “sovereign and national [government] in the country openly,” free of Washington’s threats of regime change.Efforts by the White House to ban third parties from engaging with Venezuelan oil revenues constitutes not “only a total imposition of control over Venezuela’s oil but a daylight robbery,” Salameh stressed.
https://sputnikglobe.com/20260110/wary-us-oil-giants-dodge-venezuela-investment-pitch-1123447103.html
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why did us oil companies reject trump on venezuela, have us oil companies rejected trump on venezuela, will us oil companies return to venezuela
Why America’s Oil Giants Aren’t Eager to Invest in Venezuela in Wake of Maduro’s Abduction
The significant capital investment required ($100B) and the need to wait up to 15 years to make a profit are the biggest factors hindering oil majors like Exxon, ConocoPhillips and Chevron from returning to the Venezuelan market, says international oil economist Dr. Mamdouh G. Salameh.
“US oil majors will have to wait a very long time before benefiting from Venezuela’s oil largesse…Moreover, they feel embarrassed to be complicit” in this form of “daylight thievery with legal implications for them,” the expert told Sputnik.
In fact, the companies would probably be happy enough dealing with the existing “sovereign and national [government] in the country openly,” free of Washington’s threats of regime change.
Efforts by the White House to ban third parties from engaging with Venezuelan oil revenues constitutes not “only a total imposition of control over Venezuela’s oil but a daylight robbery,” Salameh stressed.
