Trump officials eye private security contractors to safeguard oil assets in Venezuela [CNN]
Exxon Mobil Corporation (XOM)
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Source: CNN
While President Trump hasn't ruled out a possible US military presence in Venezuela, sources close to the president say he's wary of putting American boots on the ground for an extended period of time. That raises a potential problem for the White House following the US capture of Venezuela's former President Nicolás Maduro. As it lobbies major oil companies to reinvest in Venezuela's ailing oil industry, the administration must convince them it can provide the kind of security they will need to operate safely there — not just for months but years. Restarting the country's oil production will be key to Trump's vision for a post-Maduro Venezuela. But doing so will require a clear plan on how to protect valuable oil assets from cartels of other hostile actors amid a power vacuum Trump created in seizing Maduro. Discussions about how to secure those assets remain in the early stages, sources said. Still, multiple private security companies are already jockeying to get involved in
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XOM
News
- U.S. begins selling Venezuelan oil, taking in $500 million [Yahoo! Finance]Yahoo! Finance
- Oil Prices Fall Over 3% as Iran Tensions Ease. How Exxon, Chevron Stocks Are Trading. [Barron's]Barrons
- Trump officials eye private security contractors to safeguard oil assets in Venezuela [CNN]CNN
- The US has officially started selling Venezuelan oil [Yahoo! Finance]Yahoo! Finance
- The US has officially started selling Venezuelan oil [CNN]CNN
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