Russia is about to become the #3 oil importer to the US after it takes control of Venezuela’s oil market. Where do you fill up? -PB/TK
Venezuela sets up Russians to gain U.S. oil-market stake – By Joseph Farrah / May 20 2017
Russia will aim to “profit” in the American oil market if it takes control of Citgo, as appears likely, according to a new report in Joseph Farah’s G2 Bulletin.
The declaration came in an article published by the Russian media outlet Vestifinance.ru in response to expressions of concern in the United States, including by members of Congress, over the likely takeover of Houston, Texas-based Citgo by Russia’s state-owned oil company, Rosneft.
Venezuela’s state-owned oil company, Petroleos de Venezuela (PDVSA), owns a 49.9 percent interest in Citgo.
Two members of Congress wrote Treasury Secretary Steven Mnuchin on April 6 expressing alarm that Venezuela had used its ownership of Citgo as collateral for a $1.5 billion loan from Russia.
Experts assess it’s likely Venezuela will default, which would give Rosneft that 49.9 percent interest, on the precipice of a controlling interest, according to the Middle East Media Research Institute.
Continue to wnd.com article: http://www.wnd.com/2017/05/venezuela-sets-up-russians-to-gain-u-s-oil-market-stake/
