Oil Companies to Invest $100 Billion to Rebuild Venezuela’s Oil Infrastructure
BREITBART
President Donald Trump announced during a meeting with executives of top oil companies that U.S. oil companies will invest $100 billion to rebuild Venezuela’s oil infrastructure.
Trump revealed details of the plan during his remarks at a roundtable with executives, Vice President JD Vance, Secretary of State Marco Rubio, Energy Secretary Chris Wright, and Interior Secretary Doug Burgum in the East Room.
.@POTUS: “Our giant oil companies are spending at least $100B of their money, not the government’s money… to rebuild the capacity and the infrastructure necessary.” https://t.co/ljAEb2mOO0 pic.twitter.com/g0kC5FWHkO
— Rapid Response 47 (@RapidResponse47) January 9, 2026
“Our giant oil companies will be spending at least $100 billion of their money, not the government’s money,” he said.
“They don’t need government money, but they need government protection and need government security that when they spend all this money, it’s going to be there so they get their money back and make a very nice return,” he added.
Trump emphasized that the investment will go to rebuilding “the capacity and the infrastructure necessary.”
“Venezuela has also agreed that the United States will immediately begin refining and selling up to 50 million barrels of Venezuelan crude oil, which will continue indefinitely,” he noted.
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