Energy secretary: Venezuelan oil sales and agreements could yield billions, aid U.S. refineries Energy Secretary Christopher Wright said recent Venezuelan oil sales total about $1 billion and that new deals to sell roughly $5 billion more are in place; he said revenue could exceed $10 billion a year and benefit U.S. refineries and asphalt production while occurring without U.S. troops or taxpayer funds.

The U.S. is stepping into the Venezuelan oil market with plans to unlock billions in sales that could reshape both nations' economies—without a single American soldier in sight.

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U.S. energy secretary says American firms are already investing in Venezuelan oil; U.S. will not give security guarantees U.S. Energy Secretary Chris Wright said on a broadcast interview from a Chevron site in Venezuela that American companies are returning and that "north of a $100,000,000" is slated to upgrade processing capacity. Wright said the U.S. will not provide physical or economic security guarantees and described debt-for-asset swaps as a likely path forward.

U.S. Energy Secretary Chris Wright reveals that American firms are set to invest over $100 million in Venezuelan oil, aiming to transform the country's economic landscape despite the absence of U.S. security guarantees.

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