MBABANE: After transferring between 30 and 50 million barrels of crude to the United States (US) Venezuela has received $500m from its first oil sale under a US-brokered agreement, Aljazeera reported.
The deal, reached last month, provides a lifeline for Venezuela’s struggling economy, however, the Government does not control the proceeds.
“Instead, funds are deposited into a restricted account in Qatar, subject to US approval, to pay public sector salaries and essential services. This new agreement came amid major political changes following the US military abduction of President Nicolas Maduro”, reads the Aljazeera report in part.
Acting President Delcy Rodriguez (pic:Aljazeera).