The US president believes that the ousting of Venezuelan head of state Nicolas Maduro paves the way for the return of American oil majors to a country that holds the world's largest crude oil reserves.

U.S. oil companies will invest billions of dollars in Venezuela's energy sector after the overthrow of Nicolas Maduro, President Donald Trump said.

The president, who claimed to oppose involvement in “nation building,” also said the U.S. would “run” Venezuela for an indefinite period.