U.S. energy chief says Venezuela oil sales will generate five billion dollars in coming months

Energy Secretary Chris Wright announced that U.S. controlled oil sales will soon reach six billion dollars. The funds support the interim government's efforts.

Insights:
The US USUS administration has overseen the sale of Venezuelan oil totaling more than $1 billion to date, with an additional $5 billion in revenue expected over the next few months. These sales, which involve significant volumes of crude from the Orinoco heavy crude belt, are being managed by the administration of Donald Trump until a representative government is established in Venezuela VEVE. Proceeds from these transactions have already been handed to the Venezuela interim government.
This development was reported during a visit to Venezuela by U.S. Secretary of Energy Chris Wright. Under the current arrangement, the U.S. administration maintains direct control over the sales and the subsequent flow of funds. Much of the oil being sold is currently being processed in U.S. refineries. The ongoing nature of this control was highlighted during discussions involving Venezuelan officials, including Delcy Rodriguez.
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