Trump's Venezuela Oil Deal Sparks Skepticism Over Feasibility

The Trump administration's ambitious plan to revive Venezuela's oil production has been met with skepticism by industry experts and Venezuelan officials.

According to Politico, a petroleum executive questioned the feasibility of the deal, saying it was 'too massive' for a company lacking capabilities and credibility.

Evanan Romero, a former executive at Petróleos de Venezuela, pointed out that the Orinoco Belt fields are 'non-economical until the 22nd century,' making it difficult to justify development in the short term.

The deal also raises concerns about profitability due to a clause reserving 20% of production for the Strategic Petroleum Reserve, which could deter private investors.