US Secretary of Energy Chris Wright announced on the 7th that the US will control Venezuelan oil sales “indefinitely.” Wright made the above statement at an energy industry conference held in Miami, USA on the same day. Wright, who has worked in the US oil and gas industry for a long time, said that sales of Venezuelan oil will be controlled by the US government, not only inventory, but also “indefinitely” future sales. Sales proceeds will be deposited into accounts controlled by the US government, and these funds can then flow back to Venezuela to “benefit Venezuelans.” Wright said that America's immediate goal is to stabilize and grow Venezuelan oil production by providing heavy crude oil thinners, parts, equipment and services. He said that Venezuelan oil production may increase by hundreds of thousands of barrels per day in recent years, but it will still take tens of billions of dollars of investment and “quite a long time” to return to historic highs. The US will create conditions for large US oil companies to enter Venezuela. The Trump administration is also considering establishing a compensation mechanism for American oil companies that invest in the Commission. US President Trump said on social media on the 6th that Venezuela will hand over 30 million to 50 million barrels of “sanctioned high-quality oil” to the US. This batch of oil will be sold at market prices, and the proceeds will be “personally supervised” by him. The United States launched a large-scale military attack on Venezuela in the early morning of the 3rd, forcibly controlling Commission President Nicolas Maduro and his wife and taking them to the US. The Trump administration claims that it will “manage” Venezuela, and the plunder of Venezuela's rich oil resources is regarded as its main motive, and has been widely criticized and condemned around the world. (Xinhua News Agency)

US Secretary of Energy Chris Wright announced on the 7th that the US will control Venezuelan oil sales “indefinitely.” Wright made the above statement at an energy industry conference held in Miami, USA on the same day. Wright, who has worked in the US oil and gas industry for a long time, said that sales of Venezuelan oil will be controlled by the US government, not only inventory, but also “indefinitely” future sales. Sales proceeds will be deposited into accounts controlled by the US government, and these funds can then flow back to Venezuela to “benefit Venezuelans.” Wright said that America's immediate goal is to stabilize and grow Venezuelan oil production by providing heavy crude oil thinners, parts, equipment and services. He said that Venezuelan oil production may increase by hundreds of thousands of barrels per day in recent years, but it will still take tens of billions of dollars of investment and “quite a long time” to return to historic highs. The US will create conditions for large US oil companies to enter Venezuela. The Trump administration is also considering establishing a compensation mechanism for American oil companies that invest in the Commission. US President Trump said on social media on the 6th that Venezuela will hand over 30 million to 50 million barrels of “sanctioned high-quality oil” to the US. This batch of oil will be sold at market prices, and the proceeds will be “personally supervised” by him. The United States launched a large-scale military attack on Venezuela in the early morning of the 3rd, forcibly controlling Commission President Nicolas Maduro and his wife and taking them to the US. The Trump administration claims that it will “manage” Venezuela, and the plunder of Venezuela's rich oil resources is regarded as its main motive, and has been widely criticized and condemned around the world. (Xinhua News Agency)