There is “a real possibility” that the United States will use its Export-Import Bank to help finance large oil projects in Venezuela, Energy Secretary Chris Wright said ahead of President Donald Trump’s meeting with industry executives later on Friday.
In an interview on Fox News, Wright said Trump would help create the conditions to allow oil companies to operate in Venezuela, but that the investments would be made primarily with business capital. He also said oil companies have not yet asked the administration for money.
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Asked whether the United States would take a stake in the companies as it has done in other sectors, Wright said there had been “no dialogue about that yet.”
With information from Reuters
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