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US Energy Sec.: Venezuelan Oil Flow to Be Controlled by US; Commercial Ties with CN Permitted
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US Energy Secretary Chris Wright, in an interview with Fox News, stated that both the US and China have roles in Venezuela to facilitate commercial activities, yet the US will never allow China to have primary control in Venezuela. The US will be the dominant force in Venezuela, with the rule of law led by the US, and oil flow controlled by the US, Wright said. Within this framework, the main partner for Venezuela is the US, and Venezuela will not be allowed to become a vassal of China, although it can engage in commercial relations with China. He also mentioned that Chevron (CVX.US) is expected to swiftly expand its operations in Venezuela, and ConocoPhillips (COP.US) and ExxonMobil (XOM.US) will also play constructive roles. AASTOCKS Financial News Website: www.aastocks.com |
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