Washington, DC — US President Donald Trump said Tuesday that Venezuela’s interim authorities will transfer up to 50 million barrels of oil to the United States following a US-backed military operation that removed President Nicolás Maduro from power.
In a post on his Truth Social platform, Trump said the oil—valued at roughly $2.8 billion—will be sold at market price, with the proceeds controlled by the US government. He said the funds would be used to benefit both the Venezuelan and American people.
“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,” Trump wrote, adding that the money raised would be overseen by him as president.
The announcement came a day after Delcy Rodríguez, formerly Venezuela’s vice president, was sworn in as the country’s interim president. Maduro has since been transferred to the United States, where he is expected to face charges related to drug trafficking and weapons offenses.
Meanwhile, reports say representatives from major US petroleum companies are expected to meet with the Trump administration this week to discuss the potential impact on energy supplies
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