Energy Infrastructure - Trump Considers Subsidies for Oil Giants - Trump’s bold $18-month plan to revive Venezuela’s collapsing oil industry
U.S. President Donald Trump has put forward a plan to rebuild Venezuela’s energy infrastructure. The proposal involves potential subsidies for major oil companies to carry out the work. Venezuela holds the world’s largest proven crude oil reserves, making the project a significant opportunity for energy firms.
The plan would see companies like ExxonMobil, ConocoPhillips, and Chevron take the lead. However, all three firms have stated they have not held direct discussions with the White House. Trump estimates the entire project could be finished in under 18 months.
Substantial U.S. funding would be needed to kickstart the effort. Under the proposal, oil companies would cover the initial costs and later be reimbursed. The money could come from either U.S. government funds or future revenue generated by the restored infrastructure.
The initiative hinges on securing large-scale financial backing from the U.S. If successful, the project could revitalise Venezuela’s oil sector within a short timeframe. The involvement of major oil firms would depend on finalised agreements and reimbursement terms.
