The Pentagon has denied it takes equity stakes in private companies, contradicting a Wall Street Journal report that the United States plans a thirty-five per cent stake in a Venezuelan businessman's energy firm as part of a sweeping oil deal.
US President Donald Trump announced on Friday that Washington had secured majority control of more than sixty-five billion barrels of Venezuelan proven oil reserves through a new joint venture — a deal he called a huge win for both countries.
Critics say the arrangement amounts to exploitation of a country whose government was installed by a US military intervention nine months ago.
Jorge Martin, secretary of the Hands Off Venezuela campaign group.
IN: “This is certainly...”
OUT: “...for that matter.”
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Jorge Martin of the Hands Off Venezuela campaign group says the proceeds of Venezuelan oil sales are deposited in a US Treasury-controlled account with little public accountability.
IN: “The money from...”
OUT: “...drafts as requested.”
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Jorge Martin of the Hands Off Venezuela campaign group says a Venezuelan official has revealed that Washington charged Caracas billions of dollars to cover the cost of the military intervention.
IN: “Recently, a Venezuelan...”
OUT: “...the United States.”
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