The Trump administration plans to take control of future oil sales from Venezuela and channel the proceeds toward rebuilding the country’s economy after the removal of deposed President Nicolás Maduro.
According to Bloomberg, this was disclosed by US Energy Secretary Chris Wright on Wednesday during the Goldman Sachs Energy, Clean Tech & Utilities Conference in Miami.
He said Washington sees control of Venezuela’s oil flows and revenues as a key source of leverage to force economic and structural reforms in the country.