U.S. President Donald Trump has expressed support for Chinese investment in Venezuela’s oil industry, saying Beijing is welcome to make major deals in the sector. He made the remarks aboard Air Force One while speaking to reporters, as Venezuela seeks new foreign investment following the removal of Nicolás Maduro and amid efforts to overcome a deep economic crisis.

Venezuela, which holds the world’s largest proven oil reserves, recently introduced legal reforms to ease private and foreign investment in its oil sector. Under Maduro, China had been the country’s main oil buyer, but Beijing condemned his January 3 arrest by U.S. forces, creating uncertainty about future ties. Trump also said interim President Delcy Rodríguez reached an energy cooperation agreement with India, which plans to buy Venezuelan oil instead of Iranian supplies.

Trump indicated that Washington and Caracas will share oil profits and that the U.S. is working closely with Venezuela’s new leadership. He further suggested that the U.S. may pursue a potential deal with Cuba, hinting at possible diplomatic openings.