Wednesday, January 7, 2026

Trump: Venezuela to Turn over 30-50 Million Barrels of Oil to U.S.

 On January 6, 2026, President Donald Trump announced that Venezuela's "interim authorities" would provide the United States with 30 to 50 million barrels of oil. This decision follows the capture of Venezuelan leader Nicolás Maduro by U. S. military forces.

• Trump stated that the oil will be sold at market price.

• The proceeds from these oil sales are intended to benefit both Venezuelans and Americans, with Trump asserting he will have control over the funds.

• The plan involves the immediate execution of this agreement by Energy Secretary Chris Wright.

• The oil will be transported to the U. S. by storage ships for unloading.

• Venezuela is reported to have approximately $17.3 trillion in oil reserves, a figure that exceeds the combined GDP of most countries excluding the U. S. and China.

This development indicates a significant shift in U. S.-Venezuelan relations and raises questions about the control of Venezuela's resources following Maduro's capture.

https://www.breitbart.com/politics/2026/01/06/trump-venezuela-30-50-million-barrels-oil-u-s/

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