US President Donald Trump’s new executive order on Venezuelan oil revenue is meant to ensure that the money remains protected from being used in judicial proceedings.
The executive order, made public on Saturday, says if the funds were to be seized for such use, it could undermine critical US efforts to ensure economic and political stability in Venezuela.
The order comes amid caution from top oil company executives that the tumult and instability in Venezuela could make the country less attractive for private investment and rebuilding.
If we look at the commercial constructs and frameworks in place today in Venezuela, today it’s uninvestable, said Darren Woods, CEO of ExxonMobil, the largest US oil company, during a meeting convened by Trump with oil executives on Friday.
During the session, Trump tried to assuage the concerns of the oil companies and said the executives would be dealing directly with the US, rather than the Venezuelan government.
Venezuela has a history of state​US President Donald Trump’s new executive order on Venezuelan oil revenue is meant to ensure that the money remains protected from being used in judicial proceedings.
The executive order, made public on Saturday, says if the funds were to be seized for such use, it could undermine critical US efforts to ensure economic and political stability in Venezuela.
The order comes amid caution from top oil company executives that the tumult and instability in Venezuela could make the country less attractive for private investment and rebuilding.
If we look at the commercial constructs and frameworks in place today in Venezuela, today it’s uninvestable, said Darren Woods, CEO of ExxonMobil, the largest US oil company, during a meeting convened by Trump with oil executives on Friday.
During the session, Trump tried to assuage the concerns of the oil companies and said the executives would be dealing directly with the US, rather than the Venezuelan government.
Venezuela has a history of state ​Latest News [ SOBAN NEWS: International and National ]
