Oil companies are negotiating with Venezuela's acting government, urging $100 billion in investment under a U.S. Treasury debt recovery program.
2 reports, 2 independent
Updated Jun 7
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What happened
Oil companies are negotiating with Venezuela's acting government, urging $100 billion in investment under a U.S. Treasury debt recovery program.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- ConocoPhillips faced debt via Citgo auction, while Continental Resources signed an MoU with PDVSA.Sub-event
Negotiations are underway for oil investment and debt recovery between major companies and Venezuela.1 source
Keep exploring
Part of
US-backed privatization of Venezuela's oil industryAlso in this story
- BP, Shell, and ConocoPhillips are actively involved in the revival of Venezuela's oil industry, including BP's investment in gas fields and corporate competition for licenses.
- The US is seeking investment to revive Venezuela's struggling oil sector, with talks focused on heavy crude reserves in Monagas state.
The entities involved
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Venezuela
Country in Latin America
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ExxonMobil
American multinational oil and gas corporation
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ConocoPhillips
American oil and gas company
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- JD Vance responds to the Treasury Secretary's price forecast as oil deals are shown to support a broader energy-security strategy.
- Trump's leadership is credited with driving the U.S. oil and gas strategy, which involves leveraging ExxonMobil in the Corpus Christi area.