- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Winter Olympics
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Ex-Chevron Chief Launches $2 Billion Push to Revive Venezuela's Oil Fields
Posted on 1/5/26 at 7:32 am
Posted on 1/5/26 at 7:32 am
quote:
The former chief of Latin American operations at U.S. supermajor Chevron is in discussions with investors to raise $2 billion to invest in opportunities in Venezuela, the executive, Ali Moshiri, told the Financial Times in an interview published on Monday.
Moshiri is a former head of Latin American operations at Chevron. Now his company, Amos Global Energy Management, is in talks with institutional investors to raise money for several investment opportunities the firm has identified in Venezuela.
The capture of Nicolas Maduro by the United States and the statements from U.S. President Donald Trump and Secretary of State Marco Rubio that American oil companies would be very interested in rebuilding Venezuela’s oil industry has the oil sector buzzing about fresh opportunities in the country holding the world’s largest proven oil reserves of estimated more than 300 billion barrels.
“We’re going to have our very large U.S. oil companies, the biggest anywhere in the world, go in, spend billions of dollars, fix the badly broken infrastructure, oil infrastructure, and start making money for the country,” President Trump said on Saturday.
quote:
Chevron is currently the only U.S. – and Western – company authorized to operate in Venezuela and export the crude to the United States.
Speaking to FT, Chevron’s former executive Moshiri said “We have been anticipating this breakthrough for a while and our $2bn private placement memorandum is ready to go with several investment targets identified.”
“Interest in Venezuela has gone from zero to 99 percent,” the businessman told FT, adding “I’ve had a dozen calls over the past 24 hours from potential investors.”
Despite the initial enthusiasm, many analysts caution that restoring Venezuela’s oil production to its glory days of the mid-1970s would take about a decade and $100 billion in investment.
LINK
10
Posted on 1/5/26 at 7:34 am to ragincajun03
They said 
California
Hello Venezuela
California Hello Venezuela
Posted on 1/5/26 at 7:35 am to The Torch
quote:
They said California
Hello Venezuela
All oil companies are saying F Canada right now. Canada will ultimately be the biggest loser in this.
Posted on 1/5/26 at 7:36 am to ragincajun03
quote:
Despite the initial enthusiasm, many analysts caution that restoring Venezuela’s oil production to its glory days of the mid-1970s would take about a decade and $100 billion in investment.
Yeah all these analysts have been wrong about everything
So we know it can get done faster and cheaper than what they say
Posted on 1/5/26 at 7:47 am to ragincajun03
Moshiri was just on CNBC. He said the investment would be $5-6 Billion and wouldn’t take very long. He mentioned that investments outside of oil are another matter and can’t be ramped up as quickly.
Posted on 1/5/26 at 7:48 am to ragincajun03
How is this Venezuelan oil situation going to affect LSU’s NIL budget? Are we going to see a lot of bawd getting FIFO jobs and Louisiana based contractors getting contracts and thus have more money to spend, or is it going to tank the market and cause the governor to threaten football again like what happened in the crash 10 years ago?
Posted on 1/5/26 at 7:50 am to stout
quote:
All oil companies are saying F Canada right now. Canada will ultimately be the biggest loser in this.
Incorrect, they're incredibly strong right now due to their commitment to diversity and inclusion.
Posted on 1/5/26 at 7:51 am to ragincajun03
quote:
Despite the initial enthusiasm, many analysts caution that restoring Venezuela’s oil production to its glory days of the mid-1970s would take about a decade and $100 billion in investment.
That’s private investment right?
Posted on 1/5/26 at 7:53 am to bad93ex
quote:
Incorrect, they're incredibly strong right now due to their commitment to diversity and inclusion.
I bet they are glad they abandoned that Keystone pipeline because a few animals would have been displaced during construction
Posted on 1/5/26 at 7:55 am to Free888
quote:
He mentioned that investments outside of oil are another matter and can’t be ramped up as quickly.
That makes more sense than $100 Billion for just the oil.
I wonder what the total investment in Venezuela is right now for the current oil production, which seems to be around 700k-900k/day. During its peak, the country produced around 3.2 Million/day.
Chevron's budget for "offshore international" in 2026 is $7 Billion. They currently produce and export about 150k bbl/day from Venezuela from what I was able to pull up quickly. Would be curious to know how much of that $7 Billion is strictly Venezuela capital for 2026, and then multiply that number by 21.333 (3.2M/150k) and see what that dollar figure would come out to.
I know it wouldn't be some exact financial science, but just to have a dollar figure.
Posted on 1/5/26 at 8:10 am to stout
Landman will get involved and speed up the drilling, while blowing away the narcotics carrying lear jets.
Posted on 1/5/26 at 8:14 am to Trevaylin
Why did Maduro and co let it fall apart so badly? I’m confused by why a dictator wouldn’t want that money?
Posted on 1/5/26 at 8:20 am to stout
quote:
All oil companies are saying F Canada right now. Canada will ultimately be the biggest loser in this.
Ironically, Canada is saying F Canadian oil too
Posted on 1/5/26 at 8:20 am to baldona
quote:
Why did Maduro and co let it fall apart so badly? I’m confused by why a dictator wouldn’t want that money?
The expertise isn't local.
Nor are the tech and equipment.
This post was edited on 1/5/26 at 8:22 am
Posted on 1/5/26 at 8:21 am to baldona
Supposedly was letting his completely unqualified goons run the oilfield. Same with Chavez when he confiscated the infrastructure.
As long as it’s making enough money for the few in power to be rich off their asses and buy enough protection from the “mob” of citizens, then that’s all they really cared about. Typical communist dictators who aren’t as smart or as motivated as the Chinese.
As long as it’s making enough money for the few in power to be rich off their asses and buy enough protection from the “mob” of citizens, then that’s all they really cared about. Typical communist dictators who aren’t as smart or as motivated as the Chinese.
Posted on 1/5/26 at 8:21 am to ragincajun03
It looks like they were sanctioned also?
Posted on 1/5/26 at 9:20 am to baldona
quote:
It looks like they were sanctioned also?
That’s why they sold to China, Cuba, etc
Posted on 1/5/26 at 9:37 am to TheHarahanian
quote:
That’s why they sold to China, Cuba, etc
Exactly. It was only a matter of time before this happened and it is without a doubt for the good. Thank God we have a president that did something about it.
This post was edited on 1/5/26 at 9:40 am
Posted on 1/5/26 at 9:48 am to baldona
quote:
Why did Maduro and co let it fall apart so badly? I’m confused by why a dictator wouldn’t want that money?
As someone said, the equipment and expertise weren’t locally developed so when they were nationalized, the expertise needed to run and maintain the equipment left. Eventually, through sanctions, repair and replacement equipment dried up leading to broken equipment sitting idly and ultimately falling into complete inoperability.
It’s not that Venezuela leadership didn’t want to keep the oil flowing, the country simply couldn’t.
Posted on 1/5/26 at 9:49 am to ragincajun03
Wasn't one of the plants in Chalmette designed for Venezuelan crude?
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News