The amounts of money, time and political uncertainty trouble executives at large Western oil companies, who plan to meet with President Trump on Friday.
A statue near the Venezuelan state oil company in Caracas. U.S. energy executives were far from ready to make a commitment when President Trump said they would “spend billions of dollars” in that country.
The Trump administration said it had an agreement with Venezuela’s government, but the country’s state-owned oil company said negotiations were underway.
An oil refinery in Punto Fijo, Venezuela. President Trump said late Tuesday that Venezuela would soon send 30 million to 50 million barrels of oil to the United States.
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