Trump says Venezuela will purchase American products with revenue from oil deal
Oleksii Liskonih | Istock | Getty Images
President Donald Trump said Wednesday that Venezuela will purchase American products with revenue from its oil sales.
“I have just been informed that Venezuela is going to be purchasing ONLY American Made Products, with the money they receive from our new Oil Deal,” Trump said in a post on social media.
The president said the purchases will include agricultural products, medicine, medical devices and equipment to improve Venezuela’s grid and energy facilities.
Trump announced Tuesday that Venezuela would turn over 30 million to 50 million barrels of oil to the U.S., which will be sold by Washington at market price. Energy Secretary Chris Wright elaborated on Wednesday that the U.S. will control Venezuela’s oil sales indefinitely.
“We’re going to market the crude coming out of Venezuela — first this backed up stored oil and then indefinitely, going forward, we will sell the production that comes out of Venezuela into the marketplace,” Wright said at Goldman Sachs’ annual energy conference in Miami.
“We need to have that leverage and that control of those oil sales to drive the changes that simply must happen in Venezuela,” the energy secretary said.
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