The Trump administration plans to “indefinitely” take control of Venezuelan oil sales, sell the country’s oil production into the global marketplace, and put the revenues into accounts controlled by President Donald Trump, Energy Secretary Chris Wright said.
Wright offered the first concrete — albeit light on details — plan for how the Trump administration wants to control Venezuela’s oil industry, the country’s primary source of revenue, at a Goldman Sachs energy conference in Miami Wednesday.
“Indefinitely, going forward, we will sell the production that comes out of Venezuela into the marketplace,” he said.