"When reporters sought concrete details about the investments, Trump declined to offer them. Speaking on ABC's This Week on January 4, Secretary of State Marco Rubio echoed Trump, saying he expects dramatic interest from Western companies, without offering specifics. When contacted for comment, the White House told PolitiFact that the administration has had conversations with multiple oil companies, without naming any of them."
"All of our oil companies are ready and willing to make big investments in Venezuela that will rebuild their oil infrastructure, White House spokesperson Taylor Rogers said. The American Petroleum Institute, the oil industry's leading trade association in the US, said in a statement to PolitiFact that the group is closely watching the developments. Globally, energy companies make investment decisions based on stability, the rule of law, market forces, and long-term operational considerations, the statement said."
President Donald Trump pledged that large U.S. oil companies would invest billions to repair Venezuela's underproductive oil infrastructure and generate revenue for the country following the abduction of President Nicolás Maduro by U.S. special forces. Trump repeated the pledge in public statements but declined to provide concrete investment details. Secretary of State Marco Rubio predicted strong Western corporate interest but offered no specifics. The White House said it had held conversations with multiple oil companies without naming them. The American Petroleum Institute said companies are closely watching developments and make decisions based on stability, rule of law, market forces, and long-term considerations. ConocoPhillips said it is monitoring developments but called speculation premature.
Read at www.aljazeera.com
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