Authored by Naveen Athrappully via The Epoch Times,
Oil is “beginning to flow” from Venezuela, with the United States and Venezuela engaging in a professional and dedicated manner on the issue, President Donald Trump said in a March 4 post on Truth Social.
“Delcy Rodríguez, who is the President of Venezuela, is doing a great job, and working with U.S. Representatives very well,”Trump wrote.
Rodríguez became theleaderof Venezuela in January after U.S. forces captured Venezuelan leader Nicolás Maduro on Jan. 3. Maduro is currently facing charges of narco-terrorism and drug trafficking in the United States.
Replying to Trump’s post, Rodríguez said in a March 4 X post,“I thank President [Trump] for the kind willingness of his government to work together on an agenda that strengthens binational cooperation for the benefit of the peoples of the United States and Venezuela.”
After being named the interim president of Venezuela following Maduro’s capture, Rodríguez hadcondemnedWashington’s action, calling for Maduro to be returned. She termed the U.S. military action a violation of international law. Trump then warned that Rodríguez could face consequences if she didn’t “do what’s right.” Rodríguez has become increasingly cooperative with Washington over the weeks.
On Feb. 10, the U.S. Treasury Departmentissueda general license that authorized the exploration, development, and production of oil and gas in Venezuela. The license allows U.S. citizens to carry out oil and gas-related transactions with the Venezuelan government, including the development of new oil and gas sites.
Prior to this decision, Venezuela’s state oil company PDVSA had to curtail production due to a U.S. blockade aimed at putting pressure on Maduro.
On Feb. 13, the Treasury Department’s Office of Foreign Assets Control issued a broadlicensethat allowed major oil companies—BP, Chevron, Eni, Shell, and Repsol—to restart operations in the nation.
“Venezuela holds tremendous economic potential, but years of instability, corruption, and economic mismanagement have limited the nation’s growth and prosperity,” a Treasury spokesperson said in a statement to The Epoch Times.
Source: ZeroHedge News
