Maduro, Venezuela
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Slow-Moving Prisoner Releases in Venezuela Enter Third Day
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Venezuela, Trump
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Trump is encouraging U.S. oil executives to invest $100 billion in Venezuela to help rebuild that country after removing its leader, Nicolas Maduro.
The tepid reception from the industry threatens to further complicate Trump’s unprecedented intervention in Venezuela, which he envisions as a yearslong entanglement aimed at remaking both its political leadership and its oil-centric economy.
The president wants U.S. oil companies to return in a big way, but the petrostate’s turbulent history suggests formidable challenges ahead.
Four Venezuelan oil tankers reportedly return to port after operating in "dark mode" as the U.S. seizes vessels amid Trump's push to acquire oil.
The United States and Venezuela are exploring the possibility of restoring diplomatic relations. On Friday, a delegation from the Trump administration arrived in Venezuela.
Exxon, ConocoPhillips (COP.N) and Chevron were for decades the most prominent partners of state company PDVSA, contributing to developing output at the vast Orinoco Belt, which is now the country's main oil region.