US Transfers Used Oil Equipment to Venezuela Amid Reconstruction and Resource Exploitation Claims
According to the International Desk of Webangah News Agency, in a development reported by Mehr News Agency, citing Reuters, used and surplus American oil equipment, no longer utilized by domestic oil companies, is being transferred to Venezuela. This action occurs concurrently with Venezuela’s attempts to rebuild its oil sector and claims that the U.S. is exploiting its oil resources.
U.S. oil companies are currently transferring their second-hand and excess oil equipment to Venezuela, a country in need of foreign equipment and capital to revive its oil industry after years of sanctions and reduced investment stemming from U.S. policies against it.
Currently, some American oil equipment previously deemed unusable or surplus has found a new destination in Venezuela. This equipment is intended for the repair and reconstruction of the country’s oil infrastructure and to boost its oil production.
This shift in approach comes as Washington appears to have distanced itself from maximum pressure tactics and extensive sanctions against Venezuela’s oil industry following the capture of President Nicolás Maduro. The U.S. has instead moved toward what it terms support for the reconstruction of the nation’s energy sector.
Previously, President Donald Trump claimed that the United States had reached an agreement with Venezuela, described as “the largest oil deal in the history of the world.” He stated this agreement was achieved under his directive, with the cooperation of Secretary of State Marco Rubio and Secretary of War Pete Hegseth, along with interim Venezuelan President Delcy Rodríguez, and through participation with private companies.
The U.S. President, facing pressure over rising living costs for Americans due to unjustified actions against Iran, asserted that under this agreement, the U.S. has gained control over more than 65 billion barrels of Venezuela’s proven oil reserves without imposing costs on American taxpayers.
Trump, who is under pressure from Congress and public opinion in the lead-up to U.S. midterm elections due to increased oil and gasoline prices, claimed this agreement would more than double U.S. oil reserves, significantly increase the country’s oil supply, and lead to a substantial reduction in gasoline prices for Americans in the long term.
