ExxonMobil CEO Darren Woods said that Venezuela represents "a huge resource that is now opening up more freely to the world," expressing optimism about possible investments. Speaking at an investor conference, Woods praised the cooperation between the Donald Trump administration, the government of Venezuela, and the oil industry, which he said is creating a favorable environment for investment. The company, the executive noted, has unique technologies for processing Venezuela's heavy oil at low cost, which places Exxon in an advantageous position. "I am optimistic about the opportunities there. We have a lot of work ahead of us, but I believe we will play an important role in supplying those barrels to the market," Woods added. His remarks came amid Bloomberg reports that several weeks ago Exxon sent a working group to the South American country to assess prospects for restarting production.
Full version: La petrolera estadounidense Exxon se muestra