Venezuela's interim government would hand over between 30 million and 50 million barrels of "sanctioned oil" to the United States, U.S. President Donald Trump said on Tuesday, describing it as a move benefiting both nations.
In a post on his Truth Social platform, Trump said the oil would be sold at market prices and that the proceeds would be controlled by him as president to ensure they were used "to benefit the people of Venezuela and the U.S."
"I have asked Energy Secretary Chris Wright to execute this plan immediately. It will be taken by storage ships and brought directly to unloading docks in the U.S.," he added.
The U.S. had attacked targets in Venezuela on Saturday, seizing its President Nicolas Maduro over alleged drug offences and removing him from the country. After the operation, Trump said that the U.S. would temporarily "run" Venezuela.
The U.S. president had highlighted the economic potential of the country's oil industry, saying that major U.S.
Continue Reading on Daily Sabah
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.