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Venezuela still owes US energy companies billions as Trump calls for new investment

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2 days ago

As President Donald Trump  vows to return U.S. energy investment to Venezuela, the Latin American country remains on the hook for billions of dollars owed to American energy companies following years-old legal battles over oil contracts.Once a key supplier to global oil markets, Venezuela reshaped its relationship with international energy companies in the mid-2000s, as then-President Hugo Chávez tightened state control over the oil industry.‘WE BUILT VENEZUELA’S OIL INDUSTRY:’ TRUMP VOWS US ENERGY RETURN AFTER MADURO CAPTUREBetween 2004 and 2007, Chávez effectively forced foreign companies to...

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2 days ago
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