Unelected
US-backed coup leader Juan Guaidó immediately moved to try to
restructure Venezuela’s state-owned oil company and seek financing
from the neoliberal IMF.
by
Ben Norton
Part
1
The
right-wing opposition leader that the United States is trying to
undemocratically install as Venezuela’s president immediately set
his sights on the country’s state-owned oil company, which he is
hoping to restructure and move toward privatization. He is also
seeking money from the notorious International Monetary Fund (IMF) to
fund his unelected government.
On
January 23, US President Donald Trump recognized the little-known,
US-educated opposition politician Juan Guaidó as the supposed
“interim president” of Venezuela. Within 48 hours, Guaidó
quickly tried to seize control of Venezuela’s major US-based oil
refiner and use its revenue to help bankroll his US-backed coup
regime.
Guaidó
is attempting to fire the directors of Citgo Petroleum, which
is owned by Venezuela’s state oil company PDVSA, and seeks to
appoint his own new board.
Reuters
described Citgo as “Venezuela’s most important foreign asset”;
Bloomberg calls it “the crown jewel of PDVSA’s assets.”
Citgo is
the largest purchaser of Venezuelan oil, although crippling sanctions
imposed by the Trump administration have prevented the company from
sending revenue to Venezuela, starving the government of funding.
Citing
US officials, the Washington Post reported that the Trump
administration’s strategy “is to use the newly declared
interim government as a tool to deny Maduro the oil revenue from the
United States that provides Venezuela virtually all of its incoming
cash.”
Source,
links:
https://grayzoneproject.com/2019/01/25/venezuela-us-coup-leader-juan-guaido-state-oil-company-imf/
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