Name: Trump says Venezuela will turn over 30-50 million barrels of oil
Uploaded: 2026-01-07T13:21:02.941Z
Duration: 3 min 48 s
Description: Donald Trump says Venezuela will hand over as much as 50 million barrels of oil and he will control the profits.

Donald Trump says Venezuela will hand over as much as 50 million barrels of oil and he will control the profits.

Washington

President Donald Trump has announced that Venezuelan authorities will transfer between 30 and 50 million barrels of sanctioned oil to the United States, with the oil to be sold at market price and proceeds controlled by him to benefit people in both Venezuela and the US. The operation, overseen by US Energy Secretary Chris Wright, will involve moving oil directly from tankers to refineries on the US Gulf Coast, though details about Venezuelan government involvement and the allocation of proceeds remain unclear due to ongoing sanctions.

The announcement comes after the capture of Venezuelan President Nicolás Maduro, who has pleaded not guilty to federal charges in a New York court. US officials claim the oil deal will help stabilize fuel prices and boost Venezuela's economy, but reactions in the US are mixed, with some expressing concern over the extent of US involvement in Venezuela and other countries in the region.

Trump says Venezuela will turn over 30-50 million barrels of oil

America's renewed threat to seize Greenland comes just days after it captured Venezuela's President Nicolas Maduro Maduro and his wife who was also captured made their first appearance in a New York court on Monday They pleaded not guilty to federal drugs and weapons charges Meanwhile, President Donald Trump has released more details about his plans for Venezuelan oil in a post on truth Socially said interior authorities in Venezuela will be turning over between 30 and 50 million barrels of high-quality Sanctioned oil to the US He says the oil will be sold at its market price and that money will be controlled by him to benefit He says people in Venezuela and the United States Trump also said it would be taken by storage ships and taken directly to loading docks in the u.s Well, let's cross over to Manuel Rapolo who's live for us in Washington, DC Manuel what more do we know about what Trump is planning here exactly? President Trump said on Tuesday that Venezuela would give up as much as 20 million barrels of oil He said that on social media the operative term here is leverage. That's how the Trump administration is framing this deal as a strategic plan to Redirect Venezuelan oil away from China and toward the United States Now there are things that we know and details that are still up in the air we know that US Energy Secretary Chris Wright has been tasked with overseeing this operation which will consist of Oil being moved directly from oil tankers to refineries on the US Gulf Coast Some of the details that we don't know for example, how much involvement will there be from the Venezuelan government? Will the proceeds go to the Venezuelan government given that there are still? Sanctions against Venezuela's state-run oil company now u.s. Officials have Assured that this will be of benefit to Venezuela that it'll help stabilize fuel prices that it'll give a much-needed boost to the country's economy but we should note that the talks are still ongoing with oil companies and But we can't note that oil mark that the markets have reacted quickly as crude prices have fallen here in the United States But as you can imagine it is a mixed bag when it comes to reactions here in the United States Certainly, and I'm sure there's lots of reaction My question actually to you is what sort of reaction are we getting in the u.s. From you know, your average American? Wherever they are in terms of the threats that the u.s. Is sending not just to Venezuela green and Colombia and even Mexico The Trump administration certainly has put the entire Western Hemisphere on notice here He referred to Colombia's president Gustavo Petro as a sick man He said that something needs to be done about Mexico homeland security advisor Stephen Miller recently said that Greenland rightfully belongs to the United States But there again it is a mixed bag when it comes to the response and the attitudes even from even from Trump supporters themselves even from those who when it comes to Venezuela, for example supported the military operation to oust Venezuelan president Nicolás Maduro say many of them say that they're concerned over too much involvement by the United States a similar Reaction when it comes to Greenland, even though many Americans say that they would support in an expansion of u.s. Territory others say that they worry about u.s. Standing in the world given that What the Trump administration isn't saying that they want to purchase Greenland But alluding to the possibility of acquiring it militarily something that would put the United States at odds with its NATO allies All right. Thanks very much Manuel Rapallo there in Washington, DC

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