Just a fewer days after the U.S. military intervention in Caracas, president Donald Trump (79) It straight intervenes in the Venezuelan oil industry, ensuring control of gross from the sale of natural material. Republican announced on the fact Social platform that the South American country would supply US with 30 to 50 million barrels (about 159 litres) sanctioned oil. Trump added that he himself will control the proceeds from oil sales. The interim president of Venezuela, Delcy Rodríguez (56), however, she denied any abroad control of her country.
Oil will be sent straight to US ports, Trump wrote. Secretary of Energy Chris Wright (60) has been instructed to implement this plan ‘immediately’. "This oil will be sold at marketplace price and the money will be controlled by me as president of the United States of America to guarantee their usage for the benefit of the Venezuelan people and the United States," Trump continued.
Critics: Trump attacks have always been about oil alone
For Venezuela, losing income would be very painful. For the United States, the projected gross would represent a tiny sum. The amount of oil is besides of small importance for the US at best: according to government data, this country produces little than 14 million barrels a day.
American corporations have, according to Republican president Trump, intensively invested in Venezuela And rebuild the declining oil manufacture of the country. Many Democrats accuse the president of attacking Venezuela solely due to its oil reserves. They say the President's arrest Nicolása Maduro (63) on suspicion of possession of drugs was simply a pretext.
Venezuela has over 300 billion barrels of oil
Venezuela has the world's largest oil reserves, estimated at 303 billion barrels. These reserves consist mainly of dense oil which can only be extracted and refined by specialised technologies. respective refineries on the American Gulf Coast specialize in this kind of oil. Despite these tremendous resources, oil extraction is now rather low and it is about a million barrels a day – 20 years ago Venezuela was producing almost 3 million barrels of oil a day. Recently, the largest recipient of Venezuelan oil was China.
Sanctions, inept management of the State-owned energy company PDVSA and corruption are liable for the fall in production. Despite US sanctions against Venezuela, American oil giant Chevron resumed production in Venezuela this year, obtaining a peculiar permit. According to Bloomberg's report, The company has already sent eleven more ships to the region than before to export more oil.
Venezuela: No abroad actor rules us
Meanwhile, the acting president of Venezuela, Delcy Rodríguez, rejected the U.S. government's claim to regulation this South American country. "The Venezuelan government rules our country. Nobody else," she said. "There is no outside entity ruling Venezuela". It is unclear how her declared independency would be in line with Trump's announcement to donate oil.
After the weekend attack, Trump announced that the United States would temporarily take power in Venezuela. His abroad Minister, Marco Rubio (54), it left no uncertainty that the United States intends to decide on future developments in Venezuela. However, he somewhat changed Trump's statement, saying that the United States wants to bring about political change in the country, utilizing the existing oil blockade.
American oil companies were erstwhile expropriated in Venezuela.
After the US military attack on Venezuela and the capture of president Maduro on the weekend, Trump has already announced that American companies will rebuild the oil industry. respective refineries on the American Gulf Coast specialize in dense oil. Recently, due to sanctions against Venezuela, Canadian akin oil played a crucial function in their production.
The United States had previously taken over 2 tankers off the coast of Venezuela. Trump then accused Venezuela of stealing oil, land and another U.S. assets and demanded their return. In the early 21st century, Venezuela nationalized oil fields, which affected both abroad and American companies. This led to a claim for damages.
