U.S. Begins Global Marketing of Venezuelan Oil, Controls Revenue Flow

The U.S. Department of Energy announced on Wednesday that it has started the global marketing of Venezuelan oil, asserting that this initiative is advantageous for Venezuela, the United States, and its allies.

The announcement specified that proceeds from oil sales will be deposited into accounts managed by U.S. authorities, part of a strategy to maintain transparency and oversight regarding the utilization of these resources.

Additionally, the department indicated that the generated revenues would be allocated in a manner that benefits both American and Venezuelan citizens, suggesting that Washington intends to use these funds for collaborative projects or economic assistance that would yield positive outcomes for both parties.

This development underscores the expanding role of the U.S. in overseeing Venezuelan oil operations, amidst ongoing discussions about sovereignty and the management of the country's natural resources.