Halliburton CEO sees speedy return to Venezuela, downplays risks - FT

businessinsider
2026.01.15 23:58

Halliburton's CEO, Jeff Miller, stated that the company could begin operations in Venezuela within months to help rebuild its oil and gas infrastructure. He emphasized that Halliburton's business model allows for lower risk compared to traditional oil operators, as their assets are mobile. Despite President Trump's lack of financial guarantees for investments in Venezuela, Miller suggested that funds from Venezuela's oil turnover to U.S. authorities could provide some assurances. He noted Halliburton's capability to quickly mobilize resources and personnel, leveraging their long-standing presence in the country.