SunSirs: US Energy Secretary Announces "Indefinite" Control Over Venezuelan Oil Sales
January 08 2026 09:20:22 SunSirs (Selena)
US Energy Secretary Chris Wright stated on July 7 that the United States plans to maintain control over Venezuela's oil industry, including "indefinitely" regulating the country's oil sales abroad. He said that Venezuela's future oil production would be guided by the US before entering the international market. It remains unclear under what legal authority the US government intends to implement these arrangements.
The US Department of Energy issued a statement on July 7 saying that the US has begun selling Venezuelan oil on the global market, and all proceeds will be deposited into a US-controlled bank account, to be subsequently "allocated at the discretion" of the US government.
US Secretary of State Rubio stated on July 7 that the US has developed plans to ensure that American oil companies have access to Venezuela.
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