Energy Secretary Chris Wright Proposes Massive Investment Plan for Venezuela Oil at Davos
US Energy Secretary Chris Wright met with oil executives to discuss a $100 billion investment plan in Venezuela. The initiative seeks to boost output by 30 percent.
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USEnergy Secretary chris wright held a closed-door meeting with oil company executives on January 21, 2026, at the World Economic Forum in Davos, Switzerland. During the session, chris wright detailed a donald trump administration plan for U.S.oil companies to invest $100 billion to repair the oil industry in Venezuela 
VE. chris wright stated that the production of Crude Oil in the country could rise by 30 percent in the short to medium term. This 30 percent increase would represent approximately 300,000 additional barrels per day from the current level of 900,000 barrels per day.
USEnergy Secretary chris wright held a closed-door meeting with oil company executives on January 21, 2026, at the World Economic Forum in Davos, Switzerland. During the session, chris wright detailed a donald trump administration plan for U.S.oil companies to invest $100 billion to repair the oil industry in Venezuela VE. chris wright stated that the production of Crude Oil in the country could rise by 30 percent in the short to medium term. This 30 percent increase would represent approximately 300,000 additional barrels per day from the current level of 900,000 barrels per day.
