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14.02.26 - 18:21
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Venezuela Oil Revenue Projected To Hit $5 Billion Under U.S. Control (ZeroHedge)
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Venezuela Oil Revenue Projected To Hit $5 Billion Under U.S. Control
By Tsvetana Paraskova of OilPrice.com,
Venezuela's oil sales, under the control of the United States for five weeks now, are set to bring $5 billion over the next few months, U.S. Energy Secretary Chris Wright told NBC News in an interview.
“Sales today are over a billion dollars, and in fact, we have sort of short-term agreements over the next few months that will bring in another $5 billion,” Secretary Wright said in the interview during a historic visit to Venezuela to meet with the interim President Delcy Rodríguez.
The United States has already transferred $500 million in proceeds from sales of Venezuelan crude oil to Caracas, following the deal agreed by the two governments in January.
All the money from the oil sales, handled by top commodity traders Vitol and Trafigura, goes back to Venezuela from a U.S. Treasury-controlled account, Secretary Chris told NBC News.
There is a lot of work to be do...
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