Venezuelan opposition readies U.S. fund to receive oil revenue

Venezuelan opposition readies U.S. fund to receive oil revenueThe fund would receive income accrued by state-run oil firm PDVSA’s U.S. unit Citgo Petroleum Corp since last month, when U.S. President Donald Trump recognized opposition leader Juan Guaido as Venezuela’s legitimate head of state, Carlos Paparoni said in an interview. Citgo, the eighth-largest U.S. refiner and Venezuela’s top foreign asset, is in the middle of a tug of war as the Trump administration has made aggressive moves to remove it from Maduro’s control. Following a U.S. decision to impose sanctions on Venezuela’s oil industry last week, Guaido and the Trump administration have sought to appoint a new board of directors for Citgo.



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