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 US president?

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

In the 1990s, Venezuelan society became further split between the wealthy, who wanted to work with the US, and the working class, who didn't.

The US president, in a post Tuesday on Truth Social, said he will 'ensure it is used to benefit the people of Venezuela and the United States.'

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

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…

The country’s crude oil is heavy, too thick to flow through a pipeline without dilution, and is filled with corrosive chemicals that can destroy refineries.

US faces big challenges in trying to unlock ‘tremendous wealth’ from Venezuela’s long-neglected oil industry

"Today it's uninvestable," Exxon chief executive Darren Woods says of Venezuela.

President Donald Trump and executives for several U.S. oil companies discussed a potential $100 billion investment in Venezuela's energy sector.

Experts said oil execs gave a 'less-than-full-throated' approval as they waited on terms from US and Venezuela.

‘We’re going to be extracting numbers in terms of oil like few people have seen,’ Trump said Friday

The president, who hosted industry representatives at the White House on Friday, urged them to rapidly invest in the South American country to exploit its vast reserves and…