The China Mail - Trump says US could run Venezuela and its oil for years

USD -
AED 3.672498
AFN 65.498886
ALL 81.893517
AMD 377.707367
ANG 1.79008
AOA 917.000342
ARS 1435.969698
AUD 1.427104
AWG 1.8
AZN 1.705638
BAM 1.658906
BBD 2.014216
BDT 122.30167
BGN 1.67937
BHD 0.37698
BIF 2963.603824
BMD 1
BND 1.273484
BOB 6.910269
BRL 5.329095
BSD 1.000025
BTN 90.583306
BWP 13.239523
BYN 2.873016
BYR 19600
BZD 2.011247
CAD 1.36301
CDF 2229.999508
CHF 0.775875
CLF 0.02185
CLP 862.740298
CNY 6.93805
CNH 6.931585
COP 3682.47
CRC 495.76963
CUC 1
CUP 26.5
CVE 93.526553
CZK 20.48585
DJF 178.079171
DKK 6.31818
DOP 63.114413
DZD 129.930442
EGP 46.862204
ERN 15
ETB 155.46494
EUR 0.846098
FJD 2.209498
FKP 0.738005
GBP 0.73479
GEL 2.695023
GGP 0.738005
GHS 10.990102
GIP 0.738005
GMD 72.999713
GNF 8778.001137
GTQ 7.670255
GYD 209.225001
HKD 7.813098
HNL 26.416279
HRK 6.373201
HTG 131.004182
HUF 319.682503
IDR 16850.9
ILS 3.11506
IMP 0.738005
INR 90.50335
IQD 1310.041816
IRR 42125.000158
ISK 122.990208
JEP 0.738005
JMD 156.517978
JOD 0.708987
JPY 156.908974
KES 129.004623
KGS 87.449685
KHR 4035.7261
KMF 419.000276
KPW 900.002243
KRW 1463.459786
KWD 0.30717
KYD 0.833355
KZT 494.785725
LAK 21489.944613
LBP 89557.410282
LKR 309.387392
LRD 188.003087
LSL 16.133574
LTL 2.95274
LVL 0.60489
LYD 6.332646
MAD 9.180641
MDL 17.050476
MGA 4439.468349
MKD 52.15526
MMK 2100.00747
MNT 3580.70414
MOP 8.047618
MRU 39.542143
MUR 46.060545
MVR 15.449836
MWK 1734.055998
MXN 17.31615
MYR 3.947494
MZN 63.750214
NAD 16.133574
NGN 1367.070015
NIO 36.803155
NOK 9.671904
NPR 144.932675
NZD 1.662855
OMR 0.384509
PAB 1.000025
PEN 3.364787
PGK 4.288489
PHP 58.438976
PKR 279.633919
PLN 3.56635
PYG 6607.462446
QAR 3.645108
RON 4.308602
RSD 99.323033
RUB 77.354646
RWF 1459.579124
SAR 3.75027
SBD 8.058149
SCR 13.711878
SDG 601.499357
SEK 9.01886
SGD 1.271375
SHP 0.750259
SLE 24.450175
SLL 20969.499267
SOS 570.497977
SRD 37.818026
STD 20697.981008
STN 20.780851
SVC 8.750011
SYP 11059.574895
SZL 16.130113
THB 31.515498
TJS 9.370298
TMT 3.505
TND 2.900328
TOP 2.40776
TRY 43.613505
TTD 6.771984
TWD 31.623501
TZS 2574.999815
UAH 42.955257
UGX 3558.190624
UYU 38.652875
UZS 12280.366935
VES 377.985125
VND 25950
VUV 119.988021
WST 2.726314
XAF 556.381418
XAG 0.013042
XAU 0.000202
XCD 2.70255
XCG 1.802328
XDR 0.692248
XOF 556.381418
XPF 101.156094
YER 238.397502
ZAR 16.05245
ZMK 9001.187145
ZMW 18.62558
ZWL 321.999592
  • JRI

    0.1000

    12.98

    +0.77%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • CMSC

    0.0590

    23.609

    +0.25%

  • NGG

    0.7100

    87.6

    +0.81%

  • CMSD

    0.0100

    23.9

    +0.04%

  • SCS

    0.0200

    16.14

    +0.12%

  • RELX

    -0.5800

    29.51

    -1.97%

  • BCC

    1.6000

    90.76

    +1.76%

  • RIO

    1.9180

    93.038

    +2.06%

  • RYCEF

    0.0500

    16.67

    +0.3%

  • AZN

    5.5500

    192.71

    +2.88%

  • BCE

    -0.1720

    25.398

    -0.68%

  • GSK

    0.6900

    59.86

    +1.15%

  • BP

    0.8500

    39.02

    +2.18%

  • VOD

    0.4090

    15.029

    +2.72%

  • BTI

    1.0250

    62.985

    +1.63%

Trump says US could run Venezuela and its oil for years
Trump says US could run Venezuela and its oil for years / Photo: © AFP/File

Trump says US could run Venezuela and its oil for years

The United States could run Venezuela and tap into its oil reserves for years, President Donald Trump said in an interview published Thursday, less than a week after toppling its leader Nicolas Maduro.

Text size:

"Only time will tell" how long Washington would demand direct oversight of the South American country, Trump told The New York Times.

But when asked whether that meant three months, six months or a year, he replied: "I would say much longer."

The 79-year-old US leader also said he wanted to travel to Venezuela eventually. "I think at some point it'll be safe," he said.

US special forces snatched president Maduro and his wife in a lightning raid on Saturday and whisked them to New York to face trial on drug and weapons charges, underscoring what Trump has called the "Donroe Doctrine" of US hegemony over its backyard.

Since then Trump has repeatedly asserted that the United States will "run" Venezuela, despite the fact that it has no boots on the ground.

Venezuela's interim leader Delcy Rodriguez insisted that no foreign power was governing her country. "There is a stain on our relations such as had never occurred in our history," Rodriguez said of the US attack.

But she added it was "not unusual or irregular" to trade with the United States now, following an announcement by state oil firm PDVSA that it was in negotiations to sell crude to the United States.

- 'Tangled mess' -

Oil has in fact emerged as the key to US control over Venezuela, which has the world's largest proven reserves.

Trump announced a plan earlier this week for the United States to sell between 30 million and 50 million barrels of Venezuelan crude, with Caracas then using the money to buy US-made products.

On the streets of Caracas, opinions remain mixed about the oil plan.

"I feel we'll have more opportunities if the oil is in the hands of the United States than in the hands of the government," said Jose Antonio Blanco, 26. "The decisions they'll make are better."

Teresa Gonzalez, 52, said she didn't know if the oil sales plan was good or bad.

"It's a tangled mess. What we do is try to survive, if we don't work, we don't eat," she added.

Trump, who will meet oil executives on Friday, is also considering a plan for the US to exert some control over Venezuela's PDVSA, the Wall Street Journal reported.

The US would then have a hand in controlling most of the oil reserves in the Western Hemisphere, as Trump aims to drive oil prices down to $50 a barrel, the paper reported.

Vice President JD Vance underscored that "the way that we control Venezuela is we control the purse strings."

"We tell the regime, 'you're allowed to sell the oil so long as you serve America's national interest,'" he told Fox News host Jesse Watters in an interview broadcast late Wednesday.

- 'Go like Maduro' -

Vance, an Iraq veteran who is himself a skeptic of US military adventures, also addressed concerns from Trump's "Make America Great Again," saying the plan would exert pressure "without wasting a single American life."

The US Senate is voting Thursday on a "war powers" resolution to require congressional authorization for military force against Venezuela, a test of Republican support for Trump's actions.

Caracas announced on Wednesday that at least 100 people had been killed in the US attack and a similar number wounded. Havana says 32 Cuban soldiers were among them.

Trump's administration has so far indicated it intends to stick with Rodriguez and sideline opposition figures, including Nobel Peace Prize winner Maria Corina Machado.

But Rodriguez's leadership faces internal pressures, analysts have told AFP, notably from her powerful Interior Minister Diosdado Cabello and Defense Minister Vladimir Padrino Lopez.

"Her power comes from Washington, not from the internal structure. If Trump decides she's no longer useful, she'll go like Maduro," Venezuela's former information minister Andres Izarra told AFP in an email.

 

A day after Colombia's leftist President Gustavo Petro spoke with Trump on Wednedsday, Bogota said Thursday it had agreed to take "joint action" against cocaine-smuggling guerrillas on the border with Venezuela.

burs-dk/iv

Z.Ma--ThChM