Venezuela-US Oil Relations Post Sham Election

SOURCE www.breitbart.com
The United States received 12 shipments of crude oil and asphalt from Venezuela after the July 28 sham presidential election, which socialist dictator Nicolás Maduro claims he “won” and the United States does not recognize as legitimate. Companies like Chevron and Repsol were involved in these shipments.

Key Points

  • 12 shipments of oil and asphalt were sent from Venezuela to the U.S. post the election.
  • Companies like Chevron and Repsol were involved in these transactions.
  • Oil exports from Venezuela to the U.S. surged after the easing of sanctions and granting of licenses.
  • Venezuela climbed back to the sixth position among top oil-sending countries to the U.S.

Pros

  • Increased oil exports benefit Venezuela's economy.
  • Easing of sanctions and licenses granted to oil companies help revive Venezuela's oil industry.

Cons

  • The presidential election was deemed a sham by the U.S.
  • Dictator Maduro's regime faces criticism for human rights violations.