"Donald Trump has said Venezuela will be turning over 30 to 50m barrels of sanctioned oil to the US, as the South American country seeks to avoid deep cuts in output amid an ongoing blockade on exports imposed by Washington since mid-December. This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States!"
"Reports earlier on Tuesday stated that government officials in Caracas and Washington had discussed exporting Venezuelan crude to refiners in the United States, in a deal that would divert supplies away from China while helping state company PDVSA avoid deeper output cuts. China has been Venezuela's top buyer in the last decade. This is a breaking news story With Reuters"
Venezuela will turn over 30 to 50 million barrels of sanctioned oil to the United States, with sales at market price and proceeds to be controlled by the U.S. president to benefit both Venezuelans and Americans. Millions of barrels remain loaded on tankers and in storage because of a blockade on exports imposed since mid-December, and Caracas seeks to avoid deeper output cuts. Energy Secretary Chris Wright was instructed to execute a plan to move oil by storage ships directly to U.S. unloading docks. Government officials in Caracas and Washington discussed exporting Venezuelan crude to U.S. refiners, diverting supplies from China while helping state company PDVSA avoid deeper output cuts. China has been Venezuela's top buyer in the last decade.
Read at www.theguardian.com
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