Venezuela is unlikely to see any meaningful boost to crude production for years, even if major American companies do invest the billions of dollars in the country that U.S. President Donald Trump promised just hours after Nicolas Maduro's capture by U.S. forces.
The South American country may have the world's largest estimated oil reserves β however, output has plummeted over the past decades amid and a βlack of investment from foreign firms after Venezuela nationalized oil operations βin the 2000s β that included the assets of Exxon Mobil and ConocoPhillips.
Any companies that might want to invest there would need to deal with security concerns, dilapidated infrastructure, questions about the legality of the U.S.
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