The United States began sales of Venezuelan oil last week, for approximately $500 million, as part of a $2 billion agreement between Caracas and Washington.

According to Reuters, “the proceeds are held in banks under U.S. supervision and Qatari jurisdiction. This Arab country acts as a neutral ground to prevent seizures, ensuring that the funds are managed in accordance with the orders issued by Washington.”

US President Donald Trump had already detailed that the plan includes the sale of up to 50 million barrels in collaboration with US companies.

Trump said he spoke with Venezuela’s interim president, Delcy Rodríguez, about key issues such as “oil, trade, and national security, projecting that Venezuela will soon be great and prosperous again.” He clarified, however, that the money destined for the South American nation will be used “exclusively to purchase products manufactured in the United States, at the discretion of his administration.”

It is important to remember that the United States is facilitating the entry of various trading companies into Venezuela for their participation in the oil industry, “reaffirming its strategy of control over natural resources and the stabilization of the region.”

M.Pino

Source: tribuna

(Reference image source: Raff Liu on Unsplash)

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