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Venezuela to transfer 30–50m barrels of oil to United States, Trump says
United States President Donald Trump has announced that Venezuela’s interim authorities will transfer between 30 million and 50 million barrels of oil to the United States, in a move he says will benefit both Venezuelans and Americans.
In a post on his Truth Social platform on Tuesday, Trump said the oil — described as “high quality, sanctioned oil” — will be sold at market prices, and that the proceeds will be controlled by him as president to ensure they are used for the benefit of people in both countries.
Trump added that he had directed Energy Secretary Chris Wright to implement the plan immediately, with the oil to be transported by storage ships directly to U.S. unloading docks.
The announcement comes in the wake of a U.S. military operation earlier in the week that resulted in the capture of Venezuelan President Nicolás Maduro and his wife, who have since been taken to the United States and arraigned on federal charges.
Trump has framed the move as part of broader efforts to secure Venezuela’s vast energy resources and to bolster U.S. influence in the region following the political upheaval in Caracas.
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