Venezuela will export up to $2 bn worth of crude oil to the United States, President Donald Trump announced Tuesday. The deal is intended to redirect shipments from China while helping Caracas maintain production levels amid U.S. sanctions.
Trump said the move signals that Venezuela’s interim President Delcy Rodriguez is complying with his demand to open the nation’s oil industry to U.S. companies. The South American country currently has millions of barrels stuck on tankers and in storage due to a blockade imposed by Washington in mid-December.
Chevron to manage exports
The U.S. Energy Secretary Chris Wright will...