💨 Abstract

Rebuilding Venezuela's oil industry, as planned by President Trump, could take years and cost over $100 billion. Decades of corruption and underinvestment have severely damaged the country's oil infrastructure. To restore output to 1970s levels, companies like Chevron, Exxon, and ConocoPhillips would need to invest about $10 billion annually for a decade. Political stability and favorable contract terms are crucial for attracting investment.

Courtesy: theprint.in