"United States President Donald Trump and Secretary of State Marco Rubio say they want to free up the flow of Venezuelan oil to benefit Venezuelans after US forces abducted President Nicolas Maduro from Caracas. We're going to rebuild the oil infrastructure, which requires billions of dollars that will be paid for by the oil companies directly, Trump said at a media briefing at his Mar-a-Lago estate in Florida hours after Maduro was seized on Saturday."
"They will be reimbursed for what they're doing, but it's going to be paid, and we're going to get the oil flowing. Then, on Tuesday, the US president said he wanted to use proceeds from the sale of Venezuelan oil to benefit the people of Venezuela and the United States. Rubio has echoed Trump in his comments in recent days. But what has been holding back the flow of Venezuelan oil, preventing the country from attracting investments and driving the country into poverty?"
"Trump wrote: 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! Trump added that he had directed his energy secretary, Chris Wright, to execute the plan immediately. It will be taken by storage ships, and brought directly to unloading docks in the United States, Trump wrote."
Donald Trump and Marco Rubio propose freeing Venezuelan oil and using sale proceeds to benefit Venezuelans and the United States. Trump claimed US oil companies would rebuild Venezuela's damaged infrastructure at their own cost and be reimbursed, and he said he would control proceeds to ensure benefits. Trump posted that Venezuela would turn over 30 to 50 million barrels of sanctioned oil, to be taken by storage ships to US docks. The flow of Venezuelan oil has been constrained by US sanctions and pressure, which have damaged the oil industry, hindered investment, and contributed to poverty and a refugee crisis.
Read at www.aljazeera.com
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