Trump and Venezuela's Interim President Rodriguez Discuss $100 Billion Oil Investment Plan, Debt Restructuring and Energy Ties

  • Donald Trump and Delcy Rodriguez discussed oil, debt, energy, mining and security in New York.
  • Trump proposed attracting $100 billion in capital to Venezuela's oil industry.
  • Trump called elections an important step in Venezuela's democratic transition.

US President Donald Trump met Venezuela's interim President Delcy Rodriguez in New York, where he floated a proposal intended to attract $100 billion in capital into Venezuela's oil industry. In a Sept. 23 report, Walter Bloomberg said Trump also stressed the importance of keeping Venezuelan oil supplies flowing and called elections an important part of the country's democratic transition, without pressing Rodriguez for a timetable. The talks covered sovereign-debt restructuring, bilateral relations, energy, mining and security as Washington engaged with Rodriguez's government after Nicolas Maduro's capture. Venezuela's government and Petroleos de Venezuela have about $60 billion in defaulted bonds, while estimates of total liabilities range from more than $150 billion to more than $200 billion under differing methodologies. White House officials described US-Venezuela relations as friendly, though Venezuela's political transition remains central to bilateral ties.

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