US EditionFrom seizures to sales: Trump administration moves to control Venezuelan oil
The U.S. will sell 30 to 50 million barrels of Venezuelan oil under approved channels and control proceeds indefinitely to benefit Venezuela and gain political leverage.
- On Wednesday, the United States took control of two sanctioned Venezuelan tankers, including one flying the Russian flag, and will allow the sale of 30 to 50 million barrels of Venezuelan oil.
- Negotiations with interim authorities, White House officials say, grant the United States of America maximum leverage to oversee oil revenue and drive political change in Venezuela.
- The United Kingdom accused a vessel of evading sanctions to fuel conflict and misery, while British military took control of a ship accused of evading sanctions coordinating with U.S. authorities.
- In a policy outline Wednesday, the Energy Department said oil must move through U.S.-approved channels, with United States officials willing to use military and economic pressure, while Secretary Chris Wright said management will be "indefinitely".
- Critics warn the plan could let the U.S. micromanage Venezuela for an indefinite period as leverage, while the administration seeks long-term investments, Sen. Chris Murphy said.
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36 Articles
Donald Trump and his advisers are developing an ambitious plan to control Venezuela's oil industry for years to come, reporting to The Wall Street Journal with reference to sources.
While the U.S. head of state assured on Tuesday that Venezuela would hand over to the U.S. "between 30 and 50 million barrels of oil," he said what he intended to do with these revenues.
Trump officials scramble to sell skeptical lawmakers, oil execs on Venezuela plan
Trump administration officials on Wednesday began outlining a makeshift strategy for taking indefinite control of Venezuela’s oil sales, as they race to maintain stability within the nation after overthrowing its leader.
From seizures to sales: Trump administration moves to control Venezuelan oil
The United States has seized two oil tankers linked to Venezuela, including one tied to Russia, as part of its strategy to control Venezuelan oil sales. President Donald Trump asserted the proceeds will benefit both Venezuela and the U.S.
Trump administration seizes control of Venezuelan oil sales and crude flow indefinitely
The Trump administration announced Wednesday it will market Venezuelan crude oil for sale and control the country's oil flow indefinitely, while U.S. forces seized two sanctioned tankers in Atlantic waters.
Trump administration offers Venezuelan oil for India
Under the new United Nation controlled framework, Donald Trump administration is open to sell Venezuelan oil to India, this development has come amidst the ongoing tariff pressure from the U.S. to stop India from Russian crude trade. As per a source, this move came after Caracas and Washington struck a deal to export up to $2 billion worth of Venezuelan crude, almost 30-50 million barrels. This came after the US President captured former Venezu…
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