President says a ‘tremendous amount of money’ will need to be spent repairing country’s infrastructure

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

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

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

“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.

President says a ‘tremendous amount of money’ will need to be spent repairing country’s infrastructure

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

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

US president says oil will be sold at market prices and that he will control resulting revenues.

Trump touts large US oil investments in Venezuela’s industry, but firms remain cautious amid low prices and instability.

Deal would give US president power to sell up to $3bn-worth of crude stranded in tankers and storage facilities

President Trump has suggested the U.S. may end up reimbursing the "tremendous amount of money" needed to be spent by oil companies to rebuild Venezuela's infrastructure.

Donald Trump has promised to ‘fix’ Venezuela’s ‘broken’ oil industry – but with analysts estimating that could take up to 14 years and billions of dollars, what is in it for the…

President reportedly hopes falling price will cut domestic consumer energy bills