PARIS – U.S. oil companies with interests in Venezuela are poised to benefit from U.S. President Donald Trump’s plans to take control of Venezuelan oil sales, with the president meeting bosses on Friday to encourage investment in the run-down industry.
Trump told the New York Times on Thursday that the U.S. oversight of Venezuela and its oil could last for years.
He announced on Tuesday that Venezuela’s interim leaders had agreed to U.S.-managed marketing of 30 to 50 million barrels of crude after leader Nicolas Maduro was ousted by a U.S. raid on Jan. 3.
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