On February 12, US Energy Secretary Chris Wright confirmed that the US has completed the commercialization of oil from Venezuela with an actual value of more than 1 billion USD. This is an important milestone marking the strong presence of the US in coordinating strategic resources in this South American country.
Not stopping there, Mr. Wright gave an optimistic forecast that in the following months, Washington is likely to sell more Venezuelan oil with an estimated value of up to 5 billion USD. Despite giving specific figures on economic value, the head of the US energy industry has not yet announced a list of specific destinations for these large-scale oil shipments.
The billion-dollar revenue announcement was made right in the context that Mr. Chris Wright is on an official visit and working in Venezuela. Here, he held important talks with members of the national leadership, including interim President Delcy Rodriguez. These meetings focused on establishing a roadmap for long-term energy cooperation and ensuring transparency in crude oil exploitation and export activities.
The US's direct participation in Venezuela's oil supply and sales chain reflects a significant turning point in the Washington administration's global energy strategy. These impressive revenue figures not only show that crude oil consumption demand is increasing in the international market but also demonstrate the initial effectiveness of the energy recovery plan in Latin America.
The huge financial resources obtained from these trade activities are expected to play a key role in rebuilding the degraded oil and gas industry infrastructure in Venezuela. At the same time, this coordination also helps the US strengthen control over fuel supplies, reduce dependence on other volatile markets and stabilize global energy prices.
The rise of Venezuelan oil exports under US coordination is redrawing the geopolitical energy map. If the forecasts of the next 5 billion USD revenue become reality, the partnership between Washington and Caracas will become one of the most important economic axes in the Western Hemisphere, creating great pressure on other competitors in the oil and gas industry.
