{"id":327960,"date":"2026-01-09T13:16:56","date_gmt":"2026-01-09T17:16:56","guid":{"rendered":"https:\/\/inspenet.com\/noticias\/trump-convenes-oil-companies-for-venezuelan-oil-investment-plan\/"},"modified":"2026-01-09T14:06:29","modified_gmt":"2026-01-09T18:06:29","slug":"trump-convenes-oil-companies-for-venezuelan-oil-investment-plan","status":"publish","type":"noticias","link":"https:\/\/inspenet.com\/en\/news\/trump-convenes-oil-companies-for-venezuelan-oil-investment-plan\/","title":{"rendered":"Trump convenes oil companies for Venezuelan oil investment plan"},"content":{"rendered":"\n<p>The main U.S. oil companies will meet today at the White House to evaluate a possible investment plan aimed at accessing and operating part of the <strong>Venezuelan oil<\/strong> reserves. The meeting will be attended by senior executives from <strong>Chevron, Exxon Mobil and ConocoPhillips<\/strong>. <\/p>\n\n\n\n<p>The meeting has been described by White House spokespersons as an &#8220;initial instance of dialogue&#8221; with representatives of the private sector. The objective is to <strong>analyze the opportunities offered by Venezuela in the current context of the international energy market<\/strong>. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">A strategic market with great potential<\/h2>\n\n\n\n<p>Venezuela has <strong>one of the largest crude oil reserves in the world<\/strong>, with around 20% of the global total, however, its current production level represents barely 1% of the world&#8217;s supply, according to recent OPEC data. <strong>The causes: years of underinvestment, infrastructure deterioration and technical restrictions.<\/strong><\/p>\n\n\n\n<p>In view of this scenario, the U.S. government seeks to promote the participation of local companies in a plan to <strong>reactivate the Venezuelan energy sector<\/strong>, with supply projections for the U.S. market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Companies called<\/h2>\n\n\n\n<p>Chevron is currently the only U.S. company that maintains active operations in the country, thanks to a valid license. <strong>Exxon Mobil and ConocoPhillips<\/strong> abandoned their Venezuelan assets in 2007 and have expressed <strong>interest in re-entering the market<\/strong> if legal and commercial stability is guaranteed. <\/p>\n\n\n\n<p>According to reports, <strong>an agreement<\/strong> is being analyzed <strong>to receive between 30 and 50 million barrels of Venezuelan oil<\/strong>, which would be sold at market price to refineries in the United States.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">New conditions for investment and production<\/h2>\n\n\n\n<p>Department of Energy sources said that a combination of technical and commercial measures are being studied to facilitate the investment process:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Supply of U.S. light crude oil to blend with Venezuelan heavy oil<\/li>\n\n\n\n<li>Authorization to send specialized and technical teams<\/li>\n\n\n\n<li>Modernization of production and transportation facilities<\/li>\n<\/ul>\n\n\n\n<p>The plan also contemplates a <strong>progressive scale of production<\/strong>, with expectations of increasing production by several hundred thousand barrels per day in the short term, and long-term plans that will require <strong>investments in excess of US$100 billion<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Participation of European companies<\/h2>\n\n\n\n<p>The Spanish company <strong><a href=\"https:\/\/inspenet.com\/en\/author\/repsol\/\" data-type=\"link\" data-id=\"https:\/\/inspenet.com\/en\/author\/repsol\/\">Repsol<\/a><\/strong>, which operates in Venezuela alongside Italy&#8217;s <strong><a href=\"https:\/\/inspenet.com\/en\/news\/eni-announces-its-new-subsidiary-eni-industrial-evolution-and-strengthens-its-circular-economy\/\" data-type=\"link\" data-id=\"https:\/\/inspenet.com\/en\/noticias\/eni-announces-its-new-subsidiary-eni-industrial-evolution-and-strengthens-its-circular-economy\/\">ENI<\/a><\/strong>, has also been invited to the meeting. Both companies have energy compensation agreements with PDVSA and hold significant stakes in joint production projects in the country.<\/p>\n\n\n\n<p>Repsol expects to renegotiate contractual terms and resolve outstanding debts related to previous shipments.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Opportunities and challenges for the sector<\/h2>\n\n\n\n<p>This is still a developing story, but the renewed interest in Venezuelan crude responds to the goal of <strong>stabilizing fuel prices in the United States<\/strong> and reducing dependence on other markets. At the same time, companies face technical and financial challenges due to the current state of assets in Venezuela. <\/p>\n\n\n\n<p>However, <strong>the return potential is considerable<\/strong>. Venezuela has high quality crude in several basins, and its strategic location facilitates transportation to strategic infrastructures bordering the country. <\/p>\n\n\n\n<p><strong>Source: <a href=\"https:\/\/www.infobae.com\/estados-unidos\/2026\/01\/07\/donald-trump-se-reunira-con-directivos-de-petroleras-estadounidenses-para-definir-el-acceso-a-las-reservas-en-venezuela\/\" target=\"_blank\" rel=\"noreferrer noopener\">infobae<\/a><\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investments of more than 100 billion dollars are expected in the Venezuelan energy sector.<\/p>\n","protected":false},"author":10019,"featured_media":328051,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categoria_noticias":[13026,13036],"etiqueta_noticias":[],"class_list":["post-327960","noticias","type-noticias","status-publish","has-post-thumbnail","hentry","categoria_noticias-energy","categoria_noticias-oil-and-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/327960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias"}],"about":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/types\/noticias"}],"author":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/users\/10019"}],"replies":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/comments?post=327960"}],"version-history":[{"count":0,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/327960\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media\/328051"}],"wp:attachment":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media?parent=327960"}],"wp:term":[{"taxonomy":"categoria_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/categoria_noticias?post=327960"},{"taxonomy":"etiqueta_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/etiqueta_noticias?post=327960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}