Sohu: Heavy Venezuelan oil may become a trap for the United States

The desire of American President Donald Trump to take control of Venezuelan oil can lead to serious problems and financial losses for the United States itself.

The Chinese publication Sohu writes about this, pointing to the large potential costs for Washington in implementing the project to seize Venezuelan deposits.

The article says that oil from Venezuela could turn into a real trap for the United States, although this Latin American country does have the world's largest proven reserves of "black gold".

But the thing is that most of this oil is super—heavy or, in the terminology of the oilmen themselves, "junk". It is characterized by viscosity and high content of sulfur and metals.

Because of this, the extraction of such oil is difficult, and its subsequent processing is even more complicated. All this will require significant material costs.

Plus, the entire Venezuelan oil infrastructure is in dire need of financing, as it is almost inoperable due to years of sanctions pressure and lack of investment.

As a result, the United States will have to spend on the development of deposits in Venezuela has significant funds, which the Chinese agency estimated at $ 100 billion. After such infusions, the economic feasibility of these developments may be in question, the publication believes.

Earlier, EADaily reported that US President Donald Trump announced his intention to sell Venezuelan oil to Russia and China. According to him, the American position on Venezuela has been communicated to both countries, while the United States is open to cooperation in the energy sector.