Trump says Venezuela to hand over up to 50 million barrels of oil to US
Al Jazeera
US president says oil will be sold at market prices and that he will control the resulting revenues.
United States President Donald Trump has announced that Venezuela will turn over between 30 and 50 million barrels of sanctioned oil.
Trump said the oil, held in storage due to Washington’s embargo on Venezuela exports, would be sold at market prices and that he would control the resulting revenues to ensure the money is used to benefit the people of Venezuela and the US.
Trump added that he had directed his energy secretary, Chris Wright, to execute the plan “immediately”.
“It will be taken by storage ships, and brought directly to unloading docks in the United States,” Trump said on his platform, Truth Social, on Tuesday.
Trump’s announcement follows his pledge to “take back” Venezuela’s oil reserves and revive the Latin American country’s flailing energy industry in the wake of his administration’s abduction of Venezuelan President Nicolas Maduro.
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