According to a government representative, the United States United States made the first sale of Venezuelan oil under the fresh agreement. The proceeds from the first transactions, worth around $500 million, are stored in bank accounts controlled by the U.S. government, reported a Reuters informant on Wednesday.
Further sales transactions are expected in the coming days and weeks. According to the individual who knows the plan, the main account is in Qatar. This country serves as a neutral location, where funds can be transferred with US approval and without taking risks. The full value of the agreement between the governments in Washington and Caracas is $2 billion.
In consequence to the resumption of exports under US supervision, the Venezuelan state company PDVSA increases oil production, as sources report. 2 super tankers came out of Venezuela on Monday. Previously, U.S. natural embargo practically paralyzed exports from OPEC.
Chevron receives fresh oil production licenses in the USA
Just in time for resumption of oil exports, the U.S. oil company Chevron is expected to receive this week an extended US oil licence in Venezuela, as stated by insiders. This would let the company to increase production in this South American country, informed Reuters manufacture representatives. Chevron simply stated that he adheres to all laws and sanctions. Oil prices have late fallen again. Oil Brent North Sea and American oil West Texas Intermediate (WTI) fell by about 3.5% at the lowest prices, reaching $64.23 and $59.84 per barrel respectively.
President of the United States Donald Trump late expressed satisfaction with Venezuela's current leadership. "I think we are doing very well with Venezuela," the Republican said. He had a long telephone conversation with the acting president Delcy Rodríguez (56) which he called a “great person”. Trump did not specify what he meant in his judgment.
The U.S. president wrote on the fact Social platform that during the telephone conversation respective topics were raised, including oil, minerals, trade and national security. Trump wrote that the partnership between the US and Venezuela would be a spectacular "DEAL OF ALL". He promised that the South American country would shortly become large and prosperous again.
