Feb 12 • 19:35 UTC 🇲🇽 Mexico El Financiero (ES)

Trump ‘extracts’ from Venezuela: Oil sales already exceed 1 billion dollars... and ‘could quintuple’

Oil sales from Venezuela have exceeded 1 billion dollars and are projected to potentially quintuple in the near future, according to U.S. Energy Secretary Chris Wright.

Venezuelan oil sales have recently surpassed the billion-dollar mark, with U.S. Energy Secretary Chris Wright highlighting the country's cooperation with the U.S. in commercializing crude oil. Wright praised the collaboration with Venezuelan officials, particularly with Delcy Rodríguez, which he described as remarkable, following a significant military event involving the U.S. that led to the capture of President Nicolás Maduro.

Wright noted that negotiations have been ongoing for five weeks with the Venezuelan government, and the partnership aims to solidify a historic energy pact. With the backdrop of geopolitical tensions, the energy ties between the U.S. and Venezuela are complex but are becoming increasingly pivotal, especially given the potential for oil sales to rise dramatically in the coming months.

The implications of this development are substantial, as it signifies a major shift in U.S.-Venezuela relations, particularly after the recent military actions that resulted in Maduro's capture. The potential increase in Venezuelan oil exports poses questions about future U.S. foreign policy in the region and its impacts on global oil markets, as well as the economic recovery of Venezuela itself under new energy agreements.

📡 Similar Coverage