US Energy Secretary Wright declared on the 7th that the United States will 'indefinitely' control the sale of Venezuelan oil.
He made this statement at an energy industry conference held in Miami.
Wright, who has long worked in the US oil and gas industry, said that the sale of Venezuelan oil will be controlled by the US government, including not only existing stockpiles but also future sales 'indefinitely.' The revenue from sales will be deposited into an account controlled by the US government, after which these funds may flow back to Venezuela 'to benefit the Venezuelan people.'
He said that the short-term goal of the United States is to stabilize and increase Venezuelan oil production by providing heavy crude oil diluents, spare parts, equipment, and services.
He pointed out that Venezuelan oil production may rise by several hundred thousand barrels a day in the next few years, but returning to historical highs would still require tens of billions of dollars in investment and 'quite a long time.' The US will create conditions to allow major US oil companies to enter Venezuela. The Trump administration is also considering establishing a compensation mechanism for US oil companies investing in Venezuela.
US President Trump said on social media on the 6th that Venezuela will transfer 30 to 50 million barrels of 'sanctioned high-quality oil' to the United States. This batch of oil will be sold at market price, and the proceeds will be 'personally overseen' by him.