US President Trump Meets with Oil Industry Leaders on Venezuela Extraction

January 10, 2026 • Al Jazeera

US President Trump Meets with Oil Industry Leaders on Venezuela Extraction

US President Meets with Oil Executives Ahead of Venezuela Decision

President Donald Trump held a meeting with top executives from US oil companies at the White House on Tuesday, less than a week after the US government’s involvement in the abduction of Venezuelan President Nicolás Maduro. The meeting was reportedly aimed at discussing potential opportunities for US oil companies to operate in Venezuela.

According to sources, Trump stated that his administration will make the final decision on which oil companies are allowed to participate in any future extraction activities in Venezuela. This announcement comes as tensions between the US and Venezuela remain high following the recent events.

The meeting with oil executives is seen as a step towards exploring potential business opportunities in Venezuela, despite ongoing diplomatic efforts to resolve the crisis in the country. The White House has not provided further details on the specifics of the discussion or any potential agreements that may have been reached during the meeting.

It is worth noting that the US government’s involvement in the abduction of Maduro has sparked international criticism and raised concerns about the implications for US-Venezuela relations. The situation remains fluid, with ongoing diplomatic efforts aimed at resolving the crisis in the country.

Source: Al Jazeera