Iranian Firm in Talks for Major Oil Investment Opportunities in Venezuela
According to the Economic Desk of Webangah News Agency, Amos Global Energy Management is currently in discussions with institutional investors to raise capital for several investment opportunities identified in Venezuela. The recent U.S. military intervention in Venezuela, the capture of President Nicolás Maduro, and statements by U.S. President Donald Trump and Secretary of State Marco Rubio about American oil companies’ keen interest in rebuilding Venezuela’s oil industry have sparked excitement about new opportunities in the country, which holds the world’s largest proven oil reserves estimated at over 300 billion barrels.
President Trump stated on Saturday, shortly after Maduro’s arrest and transfer to the U.S., “We will bring in our very large American oil companies, the biggest anywhere in the world, spend billions of dollars, repair the severely damaged oil infrastructure, and start generating revenue for the country.”
Chevron, a major oil company, is currently the only U.S. and Western firm authorized to produce and export crude oil from Venezuela to the U.S.
Moshiri, a former Chevron executive, told the Financial Times, “We have been waiting for this success for some time, and our $2 billion private investment memorandum with several identified investment targets is ready for implementation.”
The businessman added, “Interest in Venezuela has gone from zero to 99 percent. I’ve received dozens of calls from potential investors in the past 24 hours.”
According to Oil Price, despite initial enthusiasm, many analysts warn that restoring Venezuela’s oil production to its peak levels of the mid-1970s will require about a decade and $100 billion in investment.
