Venezuela's state-owned oil company, PDVSA, is in talks with the United States for oil sales, mirroring arrangements with companies like Chevron. The deal, focused on commercial transactions, aims for legality, transparency, and mutual benefit, while also considering the purchase of American-made products.
Venezuela ’s state-owned oil company PDVSA announced on Wednesday it is now holding negotiations with the United States for the sale of oil to America. In a statement published by the company through social media, PDVSA stated the negotiations for the sale of oil to the U.
S. are within the “framework of the commercial relations that exist between both countries.” “This process is being carried out under arrangements similar to those in place with international companies such as Chevron, and is based on a strictly commercial transaction, with criteria of legality, transparency, and benefit for both parties,” the statement read. “PDVSA reaffirms its commitment to continue building alliances that promote national development for the benefit of the Venezuelan people and contribute to global energy stability,” the statement concluded.on Truth Social that Venezuela will provide between 30 million and 50 million barrels of oil, which will be transported by ship to U.S. docks and sold at current market prices. “This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States,” President Trump wrote, adding that he instructed Energy Secretary Christ Wright to “immediately” carry out the plan.“We’re going to market the crude coming out of Venezuela—first this backed up, stored oil, and then indefinitely, going forward, we will sell the production that comes out of Venezuela into the marketplace,” Wright explained.that Venezuela will only purchase “American made products” from the proceeds from the new oil deal between both countries. Some of the American product purchases, President Trump explained, will include, agricultural products, medicines, medical devices, and equipment to improve Venezuela’s dysfunctional power grid and energy facilities. “In other words, Venezuela is committing to doing business with the United States of America as their principal partner – A wise choice, and a very good thing for the people of Venezuela, and the United States. Thank you for your attention to this matter!” President Trump wrote on Truth Social.U.S. Forces Board, Seize Rogue Russian-Flagged Tanker in AtlanticTrump: Fannie, Freddie to Buy $200 Billion of Mortgage Debt to Bring Mortgage Rates DownICE Agent Involved in Minneapolis Shooting Was Dragged by Illegal Driver, Hospitalized Last yearDem Rep. Bynum: Don’t Know Details of Portland Shooting, Know Border Patrol Engaging in ‘Terrorism’CBS News: ICE Agent in Minneapolis Incident Part of ‘a Specially Trained Tactical Unit’George Conway: ‘The Domestic Terrorists Are ICE’
PDVSA Oil Sales Venezuela United States Energy
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US seizes 2 oil tankers linked to Venezuela and is selectively removing sanctions to enable salesThe U.S. had been pursuing the tanker since last month after it tried to evade a U.S. blockade on sanctioned oil vessels around Venezuela.
Read more »
US will control Venezuelan oil sales 'indefinitely,' energy secretary saysToday's Business Headlines 01/06/25
Read more »
US seeks to assert its control over Venezuelan oil with tanker seizures and sales worldwideThe U.S. had been pursuing the tanker since last month after it tried to evade a U.S. blockade on sanctioned oil vessels around Venezuela.
Read more »
Trump admin to control Venezuelan oil sales in radical shift aimed at restarting crude flowFox News Channel offers its audiences in-depth news reporting, along with opinion and analysis encompassing the principles of free people, free markets and diversity of thought, as an alternative to the left-of-center offerings of the news marketplace.
Read more »
U.S. vows to control Venezuela oil sales ‘indefinitely’Meanwhile, the White House continues efforts to coax U.S. oil companies to invest in Venezuelan oil.
Read more »
US says it needs to control Venezuelan oil sales indefinitely to drive changeThe U.S. needs to control Venezuela's oil sales and revenue indefinitely to stabilize that country's economy and rebuild its oil sector, Energy Secretary Chris Wright said on Wednesday.
Read more »