Venezuela to export $2 billion worth of oil to US in deal with Washington
By
Marianna Parraga and
Erin Banco
January 7, 20269:09 AM GMT+8Updated 1 hour ago
Item 1 of 2 Crude oil drips from a valve at an oil well operated by Venezuela's state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas April 16, 2015. Picture taken on April 16, 2015. REUTERS/Carlos Garcia Rawlins/File Photo
[1/2]Crude oil drips from a valve at an oil well operated by Venezuela's state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas April 16, 2015. Picture taken on April 16, 2015. REUTERS/Carlos Garcia Rawlins/File Photo
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- Deal to redirect Venezuelan oil exports to US from China
- Trump says agreed volume to supply is 30-50 million barrels
- Exports expected to stem further cuts to Venezuelan output
- Chevron only US firm currently authorized to export Venezuelan oil
- US Interior Secretary says US Gulf refiners would take advantage
HOUSTON/WASHINGTON, Jan 6 (Reuters) - Caracas and Washington have
reached a deal to export up to $2 billion worth of Venezuelan crude to the United States, U.S. President Donald Trump said on Tuesday, a flagship negotiation that would
divert supplies from China while helping Venezuela avoid deeper oil production cuts.
The agreement is a strong sign that the Venezuelan government is responding to Trump's demand hat they open up to
U.S. oil companies or risk more military intervention. Trump has said he wants interim President
Delcy Rodriguez to give the U.S. and private companies "total access" to Venezuela's oil industry.