Major oil companies are uninterested in making significant investments in Venezuela, Treasury Secretary Scott Bessent said Thursday, casting doubt on President Donald Trump’s aspirations that they’ll join the U.S. government’s effort to revive Venezuela’s oil industry.

In a social media post on Tuesday, Trump said Venezuela would hand over 30 to 50 million barrels of oil to the U.S., which in turn would sell them at their market price. The resulting funds -- as much as $2.8 billion at current prices -- will “benefit the people of Venezuela and the United States,” Trump said.

The country’s oil industry has undergone major shifts and two waves of nationalization since its first well started pumping in 1914.

Venezuela says it sits on the world's largest commercially viable oil reserves. Even if that claim is shaky, the challenges for getting this oil to market are many.

Environmental experts warn that U.S. plans under President Donald Trump to restart and control Venezuelan oil exports could intensify pollution, greenhouse gas emissions and ecological damage in a country already burdened by decades of oil-related degradation.

Making homemade clove oil using the cold-infusion method is a simple, hands-off process that requires very little prep. Whole cloves are combined with a carrier oil and left to infuse slowly over time.

Delcy Rodríguez, a guerrilla’s daughter, started out as a provocateur. She pivoted to revive a ravaged economy, making her vital to U.S. plans to run Venezuela.