US firms may take financial stake in Venezuela’s oil, energy secretary says

1 min read
Source: CBS News
US firms may take financial stake in Venezuela’s oil, energy secretary says
Photo: CBS News
TL;DR Summary

Energy Secretary Chris Wright says it’s a “very real possibility” American companies will expand their financial stake in Venezuela’s oil as Maduro’s era ends; the US is controlling the sale of Venezuelan crude through American marketers and directing proceeds to help Venezuelans and the United States, while pursuing a transition to a representative government, though no legitimate government is in place yet.

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