Who controls Venezuela's oil now?
We are going to take between 30 and 50 million barrels of oil.
We're going to sell it in the marketplace at market rate.
This oil revenues were making an important part of our foreign currency market.
It's World Business Report from the BBC World Service.
I am Bisi at De Bayo and today we're unpacking Washington's plans for Venezuela's oil industry.
Also,
Hollywood's stake of a battle intensifies with one of the brothers' discovery urging shareholders to reject another bid from Paramount and go head to Singapore where the city-state has opened the world's tallest vertical farm
as it looks to secure its food supply.
So just moments ago,
President Donald Trump said Venezuela has agreed to use the proceeds from oil sales to buy American-made goods and this comes...
Right after the US confirmed it had seized oil tankers linked to Venezuela and Russia
as it moves to take control of the sale of sanctioned Venezuelan crude.
Secretary of State Marco Rubio says negotiations with the Venezuelan government are already underway.
We are going to take between 30 and 50 million barrels of oil.
We're going to sell it in the marketplace at market rates,
not at the discounts Venezuela was getting.
That money will then be handled in such a way that we will control how it is dispersed in a way that benefits the Venezuelan people,
not corruption, not the regime.
So we have a lot of leverage to move on the stabilization front.