23 Hrs
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الاتحاد
Washington supports Venezuela policy and boosts oil ties
U.S. Secretary of State Marco Rubio defended the Trump administration's policy towards Venezuela, affirming that the goal is to achieve economic and democratic stability in the country and to promote a democratic transition through free and fair elections. He noted that these processes might take some time, nine months after Maduro was ousted. In this context, the United States announced an agreement with Venezuela containing 65 billion barrels of its oil reserves, and Chevron expanded its operations in the country with an investment of over $7 billion to increase production to around 600,000 barrels per day. This move reflects confidence in Venezuela's resource potential and aims to lower oil prices and increase supplies.
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