Jan. 9 (UPI) -- President Donald Trump and executives for several U.S. oil and gas companies discussed a potential $100 billion investment in Venezuela's energy sector Friday after Venezuelan President Nicolas Maduro's capture.
Trump met with executives from Chevron, ConocoPhillips, ExxonMobil and other U.S. oil and gas firms and encouraged them to invest $100 billion to refine and sell seized Venezuelan oil, CBS News reported.
The president offered to guarantee the security of oil and gas companies if they returned to Venezuela, which decades ago seized infrastructure owned and built by U.S. firms when former President Hugo Chavez nationalized the country's oil and gas industry.
With the backing of the United States and security assurances, Trump said the oil and gas companies would "get their money back and make a very nice return," as reported by CNBC.
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