Washington — President Donald Trump announced Tuesday that interim Venezuelan authorities will turn over between 30 million and 50 million barrels of sanctioned oil to the United States. He said the oil will be sold at market price and that proceeds will be controlled by him to ensure funds benefit the people of Venezuela and the United States. Trump asked Energy Secretary Chris Wright to execute the plan immediately, with shipments moved by storage ships to U.S. unloading docks. Reports also note Delcy Rodríguez’s 2017 outreach to U.S. officials. Based on 7 articles reviewed and supporting research.
Prepared by Lauren Mitchell and reviewed by editorial team.
The United States government and U.S.-based energy companies stand to benefit from access to 30–50 million barrels of Venezuelan oil and the proceeds controlled under U.S. authority.
Venezuelan citizens and the Maduro-aligned government could suffer from diverted oil revenues and potential loss of state assets and fiscal control.
Trump Announces 30-50 Million Barrels From Venezuela
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