WORLD NEWS FOR MONTENEGRO DIASPORA
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Donald Trump has met with senior executives from major US energy companies to discuss plans to overhaul Venezuela’s oil industry, signaling a renewed push to draw American investment into the country’s vast but long-troubled energy sector.
According to people familiar with the discussions, the meeting focused on how US firms could play a central role in restoring production, modernizing infrastructure, and managing oil exports after years of decline and instability. Trump emphasized Venezuela’s strategic importance, describing its reserves as a major opportunity for both US companies and global energy markets.
The talks come amid heightened US involvement in Venezuela and broader efforts by the Trump administration to reshape the country’s political and economic direction. Trump has repeatedly argued that increased American investment could stabilize Venezuela’s economy while strengthening US influence in the region.
Executives reportedly raised questions about security, legal protections, and long-term guarantees for their investments, given Venezuela’s history of nationalization and political volatility. Trump assured participants that his administration is committed to providing strong protections for US companies operating there.
Critics warned that rapid moves to open Venezuela’s oil sector could provoke backlash domestically and internationally, especially if deals are perceived as benefiting foreign interests at the expense of Venezuelan sovereignty. Some lawmakers also questioned whether Congress has been adequately consulted about the broader strategy.
Supporters of the initiative said reviving Venezuela’s oil industry could help ease global supply pressures and reduce reliance on rival energy producers, while offering a potential lifeline to Venezuela’s battered economy.
While no formal agreements were announced, the meeting underscored the administration’s intent to move quickly. Further talks between US officials and energy companies are expected as plans take shape for what could be a dramatic transformation of Venezuela’s oil industry.
Author: M.J
