"Oil company executives are expected to meet with US President Donald Trump on Friday to discuss investments in Venezuela. The United States government has said it aims to control Venezuelan oil sales indefinitely. We need to have that leverage and that control of those oil sales to drive the changes that simply must happen in Venezuela, Energy Secretary Chris Wright said on Wednesday."
"Since then, the administration of US President Donald Trump has announced a deal under which Venezuela would turn over 30 million to 50 million barrels of sanctioned oil to the US to sell. That comes against a backdrop of demands that Venezuelan government officials open up access to US oil companies or risk further military action. On Friday, executives from several major oil companies, including ExxonMobil, ConocoPhillips, and Chevron, are slated to meet with the president to discuss potential investments in Venezuela."
US officials plan meetings with major oil company executives to discuss investments and mechanisms to control Venezuelan oil sales. Energy Secretary Chris Wright emphasized the need for leverage and control over oil exports to drive political changes in Venezuela. The Trump administration reportedly secured a deal for Venezuela to transfer 30 to 50 million barrels of sanctioned oil to the US for sale. Federal authorities could intervene to capture and redirect those barrels, according to analysts. Executives from ExxonMobil, ConocoPhillips, and Chevron are scheduled to meet the president. Geopolitical constraints, including China's status as a peer competitor, reduce US freedom of action compared with the 2003 Iraq era.
Read at www.aljazeera.com
Unable to calculate read time
Collection
[
|
...
]