Trump says U.S. may reimburse oil companies if they rebuild Venezuela's infrastructure

President Donald Trump said big oil firms will either "get reimbursed by us, or through revenue" if they pay to rebuild Venezuela's oil industry.

President Donald Trump said he believes the U.S. oil industry could get expanded operations in Venezuela "up and running" in fewer than 18 months.

"I think we can do it in less time than that, but it’ll be a lot of money," Trump told NBC News in an interview Monday.

"A tremendous amount of money will have to be spent, and the oil companies will spend it, and then they’ll get reimbursed by us or through revenue," he said.

Whether the U.S. government ultimately agrees to reimburse the oil industry's costs in Venezuela, or alternatively, decides that future revenue is sufficient repayment, will likely be a key factor for the oil companies as they consider their options.

Trump declined to say how much money he believes it would cost companies to repair and upgrade Venezuela's aging oil infrastructure.

https://www.nbcnews.com/business/energy/trump-venezuela-oil-companies-reimburse-rcna252434


Post ID: 26a259ec-c6dc-41cd-8ae3-9799cdefb4db
Rating: 5
Updated: 2 days ago
Your ad can be here
Create Post

Similar classified ads


News's other ads