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HomeNewsUS will control Venezuela oil sales 'indefinitely', official says

US will control Venezuela oil sales ‘indefinitely’, official says

Senior officials have indicated that the United States government intends to maintain control over the revenue generated from Venezuelan oil sales for an indefinite period. This development signals a continued strategic approach by Washington concerning the Latin American nation’s primary export commodity.

Initial projections suggest that these oil sales are expected to commence with a substantial volume, estimated to be between 30 million and 50 million barrels of crude oil. According to the same officials, the entirety of the revenue derived from these transactions will be directly managed by the U.S. government. This measure is part of ongoing international efforts relating to Venezuela’s economic and political landscape, aiming to oversee the financial flows associated with its energy sector. The specific implementation details and the ultimate application of the controlled funds remain key aspects of this policy.

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