Coinbase Co-founder Fred Ehrsam Participates in Venezuela's Oil Revival; Trump Once Called for Investment
2026-09-11 06:49:28
According to CoinMeta, co-founder Fred Ehrsam of Coinbase signed a production sharing contract with Venezuela's state oil company PDVSA through Primavera Corporation, participating in the revitalization of Venezuela's oil industry. U.S. President Donald Trump once called on ExxonMobil, ConocoPhillips, and Continental Resources to invest $100 billion to restore Venezuela's oil fields. Currently, Primavera is one of the few American companies involved in this field. (Source: Wall Street Journal)
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