Venezuela to give 30 to 50 million barrels to US: Trump to control oil money as Maduro capture opens reserve
On Wednesday, US President Donald Trump announced that the "Interim Authorities" of Venezuela would be giving between 30 million and 50 million barrels of high-quality, sanctioned oil to his country.
New Delhi: The United States has captured and extracted Venezuelan President Nicolás Maduro from his own country. It has triggered a raging row all over the world, with everyone waiting to see what happens next.
Venezuela to give oil to the US?
On Wednesday, US President Donald Trump announced that the "Interim Authorities" of Venezuela would be giving between 30 million and 50 million barrels of high-quality, sanctioned oil to his country. Trump would control the proceeds from the sale of the oil to ensure they benefit both nations, the US and Venezuela.
Plan to be executed immediately
Trump took to his social media platform Truth Social to make the announcement. During that, he wrote, "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!"
He added, "I have asked Energy Secretary Chris Wright to execute this plan immediately," and the oil "will be taken by storage ships and brought directly to unloading docks in the United States."
US is going to ‘run Venezuela'
Regarding that, the White House is reportedly organising an Oval Office meeting on Friday with oil executives to discuss Venezuela, with representatives from Exxon, Chevron, and ConocoPhillips expected to attend. According to an Associated Press report, at USD 56 a barrel, Trump's announced transaction could be worth as much as USD 2.8 billion.
Earlier, Trump said Washington would assume control of Venezuela until a "proper and judicious” political transition is completed. He said, "We are going to run the country until such time that we can do a safe, proper, and judicious transition."