The United States and Venezuela signed a major deal regarding oil and Venezuelan Acting President Delcy Rodriguez is thankful to President Donald J. Trump and State Secretary Marco Rubio for it, according to a news report by Newsmax.
To put things in perspective, posted below is an excerpt of Newsmax’s report. Some parts in boldface…
Venezuelan acting President Delcy Rodriguez thanked President Donald Trump and Secretary of State Marco Rubio for the oil agreement between the two countries.
The deal drew rave reviews from conservatives and criticism from Democrats.
“That is why we chose the path of diplomacy with the United States of America, to transform our differences into cooperation. And that cooperation into investment, production, well-being, and concrete results for Venezuelans,” Rodriguez said in a televised address Saturday.
“I thank President Donald Trump, Secretary Rubio, and his government for the efforts made by both their administration and ours, as well as the entire Venezuelan team that dedicated their time to reaching this agreement,” she said.
Rodriguez said the pact would run 25 years and target production of more than 1.5 million barrels a day.
She said Venezuela would receive about $19 a barrel, which could generate more than $209 billion for the state.
“It’s no use having our oil reserves underground just so they appear in a statistic or an accounting record and we can say we’re the country with the world’s largest reserves when we can’t convert them into development for Venezuela,” she said.
“Our reserves must be transformed into well-being, prosperity, and happiness for this country and enable us to restore our productive capacity so that we can establish ourselves as an energy and manufacturing powerhouse.“
Rodriguez added that the change would strengthen energy security in the Western Hemisphere and promote greater stability and balance in global energy markets.
Trump announced the agreement Friday, calling it “THE BIGGEST OIL DEAL IN WORLD HISTORY!”
It covers 65 billion barrels of proven reserves across 17 fields, with the U.S. receiving 55% of output, including an ownership stake.
The White House has described 100-year development rights, a term Rodriguez did not repeat.
Let me end this piece by asking you readers: What is your reaction to this development? Do you think the US-Venezuela oil deal will be beneficial for both nations? Do you think the deal will help America economically in the long run? What is your view of Venezuela since the dictator Nicolas Maduro was removed by America?
You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.
+++++
Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco
Author Carlo Carrasco 