Venezuela to transfer up to 50 million barrels of oil to US for sale — Trump

WASHINGTON: US President Donald Trump has announced that the interim Venezuelan authorities agreed to hand up to 50 million barrels of oil o...

WASHINGTON: US President Donald Trump has announced that the interim Venezuelan authorities agreed to hand up to 50 million barrels of oil over to the United States.

"I am pleased to announce that the Interim Authorities in Venezuela will be turning over between 30 and 50 million barrels of high quality, sanctioned oil, to the United States of America," the US President stated on his Truth Social network account.

"This oil will be sold at its market price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States," he continued.

"I have asked Energy Secretary Chris Wright to execute this plan, immediately. It will be taken by storage ships, and brought directly to unloading docks in the United States," Trump added.

On January 3, Venezuelan Foreign Minister Yvan Gil Pinto said that the US had attacked civilian and military targets in Caracas. He called Washington's actions military aggression. A state of emergency has been declared in the country. US President Donald Trump confirmed that his country had launched large-scale strikes on Venezuela. According to him, Venezuelan President Nicolas Maduro and his spouse were captured and taken out of the country.

On January 3, Venezuelan Foreign Minister Yvan Gil Pinto said that the United States had struck civilian and military facilities in Caracas, describing Washington’s actions as military aggression. A state of emergency was declared in Venezuela. Trump later confirmed the strikes and announced the seizure and removal of Venezuelan President Nicolas Maduro and his wife from the country.

They were taken to the United States and held at a detention facility in Brooklyn, southern New York. On January 5, Maduro and his wife appeared before the US District Court for the Southern District of New York. US authorities accuse them of involvement in drug trafficking, allegations both defendants have denied.

Trump also claimed that the United States would assume interim governance of Venezuela. In addition, the US president expressed confidence that Washington would secure compensation from Caracas for US oil companies.


-News Feed

COMMENTS


*

Name

AROUND THE GLOBE,11406,business,76,BY READERS,482,FEATURE,324,GLOBE,17,KERALA,14,Movie,330,s,1,SPECIAL STORY,410,TAMILNADU,4,TOP STORY,12090,TRAVEL,8,
ltr
item
Local Glob: Venezuela to transfer up to 50 million barrels of oil to US for sale — Trump
Venezuela to transfer up to 50 million barrels of oil to US for sale — Trump
Local Glob
https://www.localglob.com/2026/01/venezuela-to-transfer-up-to-50-million.html
https://www.localglob.com/
http://www.localglob.com/
http://www.localglob.com/2026/01/venezuela-to-transfer-up-to-50-million.html
true
8255692317570297677
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy