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US close to reaching a ‘massive’ deal to take control of Venezuela’s oil: report
Developing
Shortly after the operation, the U.S. said major companies would be investing at least $100 billion in Venezuelan oil fields, which were degraded and plagued with corruption under Maduro and his predecessor, despite Venezuela possessing the world’s largest share of proven oil reserves.
President Trump has said the U.S. has already collected more than $13 billion from the sale of Venezuelan crude oil Please refresh the page or navigate to another page on the site to be automatically logged in Please refresh your browser to be logged in President Trump has said the U.S. has already collected more than $13 billion from the sale of Venezuelan crude oil From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing.
The Trump administration has issued temporary sanctions relief authorizing U.S. companies and individuals to do business with the Venezuelan oil sector. Secretary of State Marco Rubio has said oil sales are being audited by the firm KPMG and money from the sales is being held in a Citibank account.
What's confirmed
What's still developing
- President Trump has said the U.S. has already collected more than $13 billion from the sale of Venezuelan crude oil Please refresh the page or navigate to another page on the site to be automatically logged in Please…
- Shortly after the operation, the U.S. said major companies would be investing at least $100 billion in Venezuelan oil fields, which were degraded and plagued with corruption under Maduro and his predecessor, despite…
- Secretary of State Marco Rubio has said oil sales are being audited by the firm KPMG and money from the sales is being held in a Citibank account.
- The Trump administration has issued temporary sanctions relief authorizing U.S. companies and individuals to do business with the Venezuelan oil sector.
Sources
- The Independentlink