Donald Trump has said that American oil firms will invest billions to produce oil in Venezuela.

The president spoke to Fox News by phone hours after he announced the U.S. had captured the president of the oil-rich South American country.

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

'We're going to run the country until such time as we can do a safe, proper and judicious transition,' Donald Trump said at a press conference following the capture of President…

The US launched strikes on Venezuela on Saturday in which Maduro and his wife were captured by US forces.

"We have tremendous energy in that country. It's very important that we protect it. We need that for ourselves."

Trump's plan to take control of Venezuela's oil industry and ask American companies to revitalize it after capturing that country's president in a military raid isn't likely to…

Trump's plan to take control of Venezuela's oil industry and ask American companies to revitalize it after capturing that country's president in a military raid isn't likely to…

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…

Donald Trump has said that American oil firms will invest billions to produce oil in Venezuela.

Donald Trump now says he wants American companies to take over Venezuelan fields in order to extract and sell resources.

Exploiting Latin American country's reserves faces obstacles from decrepit infrastructure to leadership uncertainty.

Shares of U.S. oil majors are rising as investors bet that they will cash in after the military action that ousted Venezuelan President Nicolas Maduro.

The US might aim to unlock the country’s reserves, but cost and political uncertainty make it look an uncertain option

The White House official did not say which companies the administration has spoken to or when the conversations took place.

“I don't think any large U.S. major company is going to want to invest without a series of guarantees,” one historian of Venezuela said.

Energy experts say reviving Venezuela’s oil industry could be a decade-long process, and could cost upwards of $100 billion.

Doubling Venezuela's weakened oil flows could cost $110 billion and take until 2030.

Trump is open about his ambitions for scaled-up US operations, but analysts say such plans would take time.

‘Everybody loses’ if production supercharged in country with largest known oil reserves, critics say

Industry insiders say US oil companies want to ‘avoid getting screwed’ and will proceed with extreme caution