Why America’s Oil Giants Aren’t Eager to Invest in Venezuela in Wake of Maduro’s Abduction

Jan 12th 2026 10:57am EST

The significant capital investment required ($100B) and the need to wait up to 15 years to make a profit are the biggest factors hindering oil majors like Exxon, ConocoPhillips and Chevron from returning to the Venezuelan market, says international oil economist Dr. Mamdouh G. Salameh.

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