The money from the sale will be credited to accounts controlled by the United States, the United States Department of Energy said.
The American side expects to sell about 30-40 million barrels of oil, the sale "will continue indefinitely." "The funds will be distributed in the interests of the American and Venezuelan peoples at the discretion of the U.S. government," the Energy Ministry said in a press release.
The agency has attracted "the world's leading suppliers of raw materials and key banks" to sell fuel. "Oil transportation to and from Venezuela will be carried out exclusively through legal and authorized channels in accordance with U.S. law and national security requirements," the ministry said.
The U.S. Department of Energy plans to modernize Venezuela's electric grid, "which is crucial for increasing oil production, expanding economic opportunities, and improving the quality of life of the Venezuelan people."
US Secretary of Energy Chris Wright said that after the arrival of American companies in Venezuela, oil production in the republic could increase by hundreds of thousands of barrels per day. According to Reuters, the heads of the US oil companies will discuss the restoration of the Venezuelan oil sector at the White House later this week. kommersant.ru.
