Venezuela to deliver 30-50 million barrels of oil to US to be sold by Washington: Trump
President Donald Trump has claimed that Venezuela will send 30 to 50 million barrels of oil to the US, with Washington controlling the proceeds, days after it abducted the country’s President Nicolas Maduro.
“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 on his social media platform Truth Social on Tuesday.
“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 added.
Trump has threatened Venezuela’s acting leadership, saying officials who do not “do what is right” and allow US access to the country’s oil will face consequences worse than those that befell Maduro.
The announcement came amid US military action in Caracas, which has been widely condemned as blatant exploitation and a violation of Venezuelan sovereignty.
Explosions were reported across the capital in the early hours of Saturday as unmanned aircraft flew overhead, and hours later, Trump reported that Maduro and his wife, Cilia Flores, had been captured by US Delta Force.
Casualty figures remain uncertain, but reports suggest at least 40 people, including civilians and members of Venezuela’s armed forces, were killed, with some estimates reaching 80.
Acting President Delcy Rodríguez responded firmly on Tuesday before government agricultural and industrial officials, saying “personally, to those who threaten me, my destiny is not determined by them, but by God.”
Trump has said US companies are primed to invest billions to allegedly rebuild Venezuela’s energy infrastructure, falsely claiming the country’s reserves were “stolen” from the US.
The three largest US oil companies, Chevron, Exxon Mobil, and ConocoPhillips, have not publicly endorsed the plan, though they are reportedly scheduled to meet Trump to discuss involvement.
Trump has said the US would govern Venezuela temporarily, offering no clear plan or timeline, while repeatedly emphasizing the country’s oil reserves and tying the military aggression directly to their extraction.
Citing international law, experts say no legal claim to natural reserves exists. It means Venezuela’s oil belongs solely to its people.
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