"dealing with us directly. You're not dealing with Venezuela or we don't want you to deal with Venezuela."
"There has to be durable investment protections, and there has to be change to the hydrocarbon laws in the country," Wood said in his first public remarks since Maduro's ouster."
"as we think about how the debt needs to be restructured in the financing to deliver the billions of dollars that are required to restore their energy infrastructure."
Trump proposed that U.S. and other companies spend $100 billion in Venezuela and offered security guarantees while saying companies should deal directly with U.S. authorities rather than Venezuelan entities. Major oil companies reacted cautiously, with Exxon labeling Venezuela "uninvestable" without significant changes to commercial frameworks and the legal system. Exxon called for durable investment protections and reforms to hydrocarbon laws. ConocoPhillips highlighted the need for bank discussions and debt restructuring to finance restoration of energy infrastructure. Chevron emphasized safety of personnel, asset integrity, legal compliance, and adherence to sanctions frameworks.
Read at Axios
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