Trump says Venezuela to deliver up to 50 million barrels of oil to US — Proceeds ‘under my control’
US President Donald Trump on Tuesday announced the 'interim government' in Venezuela will sell 30 million to 50 million barrels of "high quality" oil to the US at its market price.
Trump said the money would be controlled by him and it would be used to benefit the people of Venezuela and the US.
In his Truth Social page, Trump said: "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."
"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," the President said.
"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 United States. Thank you for your attention to this matter," he said.
According to reports, Venezuela sits on about a fifth of the world's oil reserves.
Meanwhile, deposed Venezuelan leader Nicolas Maduro pleaded not guilty to federal drug trafficking charges in a U.S. court on Monday, declaring himself “innocent” and claiming that he had been kidnapped by the American military.
“I’m innocent. I am not guilty. I am a decent man, the president of my country,” Maduro told the judge during his first appearance in a U.S. courtroom.
Maduro and his wife were captured by the US special forces during a stunning raid in Caracas recently.
Maduro, wearing a blue jail uniform, appeared alongside his wife for the brief procedural hearing, marking the formal start of what is expected to be a prolonged legal battle over whether he can be tried in the United States.
Both used headsets to follow the proceedings through Spanish translation.
The former Venezuelan president was transported under heavy security from a Brooklyn detention facility early Monday morning.
Maduro faces narco-terrorism and drug trafficking charges that the Trump administration cited as justification for his capture in Caracas and transfer to New York.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
Canadian PM Carney to travel to China and Davos on trade push
Ottawa/IBNS: Canadian Prime Minister Mark Carney will travel to China and Switzerland later this month as part of efforts to diversify Canada’s trade and strengthen economic resilience, his office said Friday.
Germany breaks silence, questions legality of US operation that captured Venezuela’s Nicolas Maduro
Berlin/IBNS/DPA: The German government on Wednesday criticized the US intervention in Venezuela, four days after special forces captured the country's authoritarian leader Nicolás Maduro and his wife Cilia Flores spectacularly, drawing international condemnation.
Donald Trump mocks Emmanuel Macron, claims tariff threat forced France to hike drug prices
US President Donald Trump on Tuesday mocked French President Emmanuel Macron while claiming that he coerced France into sharply raising its prescription drug prices by threatening steep tariffs on French imports.
US seizes Russian-flagged oil tanker in North Sea after a two-week pursuit
The United States has seized a Russian-flagged oil tanker, Marinera, in the North Sea after tracking the vessel for more than two weeks, despite reported efforts by Moscow to protect it with naval escorts.
Latest News
Canadian PM Carney to travel to China and Davos on trade push
Germany breaks silence, questions legality of US operation that captured Venezuela’s Nicolas Maduro
Vijay’s Jana Nayagan release postponed days before theatrical debut
Donald Trump mocks Emmanuel Macron, claims tariff threat forced France to hike drug prices
