Washington, Jan 10 (NationPress) U.S. President Donald Trump announced that the United States will take charge of a strategy aimed at facilitating major American oil corporations in the restoration of Venezuela's decrepit oil sector. This initiative is framed as a pivotal change in bilateral relations following the capture of Venezuelan leader Nicolas Maduro.

While addressing high-ranking oil and gas executives at the White House, Trump emphasized that Washington would decide which companies are allowed to operate in Venezuela and under what conditions. He highlighted that American companies would interact directly with the U.S. government instead of negotiating with Venezuelan officials.

“We’re going to explore how these outstanding American firms can swiftly assist in reviving Venezuela’s dilapidated oil industry and boost oil production to benefit the United States, the Venezuelan populace, and the world at large,” Trump stated.

The President revealed that Venezuela has already sent 30 million barrels of oil to the United States, which he estimated to be “approximately $4 billion worth,” confirming that the shipment is currently on its way.

“That’s a substantial amount of oil,” Trump remarked. “It’s en route to the United States right now, and we extend our gratitude to Venezuela for that.”

He mentioned that future agreements would see U.S. companies extracting oil with the authorization of Washington, noting Venezuela's reserves are among the largest globally.

“Some claim it holds the largest reserves in the world,” Trump added.

Trump assured that U.S. companies would operate under comprehensive security guarantees, a factor that has historically deterred investment in Venezuela.

“Previously, entering the market was challenging due to the lack of guarantees and security, but now you have complete protection,” he asserted.

The President indicated that American oil companies are expected to invest “at least $100 billion” in private capital to revitalize Venezuela’s energy infrastructure, stressing that the U.S. government would not provide direct financial support.

“They don’t require government funds, but they do need government backing and security,” Trump explained.

Vice President JD Vance stated that the operation leading to Maduro’s capture has significantly transformed the regional energy and security dynamics.

“And he achieved this without sacrificing a single American life in the process,” Vance stated.

Secretary of State Marco Rubio mentioned that the initiative would unfold in several phases, starting with stabilization.

“We are collaborating closely with the interim authorities to create a market for the wealth of Venezuela,” Rubio noted, adding that the proceeds would be used to purchase American products and supplies.

Trump asserted that the strategy would also benefit U.S. consumers by lowering fuel prices, referencing recent gasoline prices below $2 per gallon.

“This will result in even more affordable energy prices,” he stated.

Venezuela’s oil industry was once significantly intertwined with U.S. companies before nationalization, sanctions, and prolonged underinvestment drastically diminished production, despite the country’s vast reserves.