Trump says Venezuela to give up to 50 million barrels of oil to U.S.
CNBC••nation
Key Points:
- President Donald Trump announced that Venezuela's interim authorities will transfer 30 to 50 million barrels of oil to the United States, with proceeds controlled by Trump to benefit both nations.
- The oil, described as "high quality" and "sanctioned," will be transported by storage ships directly to U.S. unloading docks, with Energy Secretary Chris Wright tasked to implement the plan immediately.
- The announcement followed the recent capture and extradition of Venezuelan leader Nicolas Maduro and his wife to New York on federal drug-trafficking charges, where they pleaded not guilty.
- Trump plans to meet with major U.S. oil companies, including Chevron, ConocoPhillips, and Exxon Mobil, to discuss significant investments in Venezuela’s oil
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