The Secretary of Energy affirmed that he is “working directly in cooperation with the Venezuelans” following the announcement by US President Donald Trump that Venezuela will deliver between 30 and 50 million barrels of oil to the United States for sale in the North American market.
The Secretary of Energy of the United States, Chris Wright, reported this Wednesday, January 7, that the United States will control the sale of Venezuelan oil for an “indefinite” period and will deposit the money resulting from these transactions in accounts controlled by Washington.
“We are going to put the crude oil that is coming out of Venezuela on the market, first this stuck oil, and then, indefinitely, going forward, we will sell the production that is coming out of Venezuela on the market,” Wright declared at a Goldman Sachs energy conference in Miami.
The secretary affirmed that he is “working directly in cooperation with the Venezuelans” following the announcement on Tuesday by US President Donald Trump that Venezuela will deliver between 30 and 50 million barrels of oil to the United States for sale in the North American market.
The official announced that Washington will allow the sale of Venezuelan crude oil to US refineries and around the world, “but those sales will be made by the US Government and will be deposited in accounts controlled by the US Government.”
*Also read: Trump announces that Venezuela will deliver up to 50 million barrels of oil to the US
“And then, from there, those funds can go back to Venezuela to benefit the Venezuelan people, but we need to have that power and that control of oil sales to drive the changes that simply must happen in Venezuela,” he said.
Wright’s meeting with energy businessmen occurred a day after the announcement by Trump, who plans to receive leaders of the major oil companies at the White House on Friday.
After the capture of Nicolás Maduro, Trump has estimated that within 18 months, American oil companies will reactivate Venezuela’s oil sector, which has the largest crude oil reserves in the world, 17% of the total, but now only contributes 1% of production.
Amid skepticism from oil companies, Wright acknowledged that it will take “tens of billions of dollars and significant time” to revitalize the Venezuelan industry.
With information from the EFE agency
*Journalism in Venezuela is carried out in a hostile environment for the press with dozens of legal instruments in place to punish the word, especially the laws “against hate”, “against fascism” and “against the blockade.” This content was written taking into consideration the threats and limits that, consequently, have been imposed on the dissemination of information from within the country.
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