He claimed oil companies were prepared to invest "at least 100 Billion Dollars." - Rebuilding will 'take time' -Analysts told AFP that Trump's push to revive Venezuela's oil industry rests on shaky economic and strategic ground. After the talks, Wright -- who has said Washington will control Venezuela's oil industry "indefinitely" -- admitted that it will "take time" to rebuild its infrastructure. Sanctioned by Washington since 2019, Venezuela sits on about a fifth of the world's oil reserves and was once a major crude supplier to the United States. Trump sees the country's massive oil reserves as a windfall in his fight to further lower US domestic fuel prices.

Source: Bangladesh Sangbad Sangstha January 10, 2026 02:12 UTC