What about the OIL in Venezuela?

What about the OIL in Venezuela?

Former Chevron executive Ali Moshiri is leading an effort to raise $2 billion for oil projects in Venezuela. This initiative, managed through his investment fund Amos Global Energy Management, follows the recent U.S.-led removal of Nicolás Maduro and President Donald Trump's calls for U.S. companies to rebuild the country's energy infrastructure.

​The key points of the report include:

• ​Fundraising Goals: Moshiri’s firm has identified multiple oil assets in Venezuela and is engaging institutional investors for a private placement to kick-start production.
• ​Production Targets: The fund aims to acquire production of 20,000 to 50,000 barrels per day and approximately 500,000 barrels in reserves from the state-owned company PDVSA.
• ​Surge in Interest: Moshiri reported a massive spike in investor interest following the political shift, stating that interest in Venezuelan oil went from "zero to 99 percent" within 24 hours of Maduro's capture.
• ​Economic Strategy: The initiative aligns with President Trump’s statements that U.S. oil companies are ready to invest billions to restore Venezuela's crude production. Proponents believe this could lower global energy prices and boost growth.
• ​Challenges: Analysts warn that restoring Venezuela's oil sector will require massive investment due to years of neglected infrastructure. Additionally, a global oil surplus and fluctuating prices may impact the profitability and immediate market effect of these projects.

​Moshiri, who previously ran Chevron's Latin American operations, indicated that while his earlier attempts to invest in the region were blocked by licensing hurdles, he believes the current administration's "commercially oriented" approach will allow the fund to proceed.