Trump says Venezuela to give up to 50 million barrels of oil to U.S.

Politics

Trump says Venezuela to give up to 50 million barrels of oil to U.S.

Published Tue, Jan 6 2026

6:54 PM EST

Updated Moments Ago

Dan Mangan @_DanMangan WATCH LIVE

Key Points

President Donald Trump said interim authorities in Venezuela will turn over between 30 million to 50 million barrels of oil to the United States.
Trump said that the oil will be sold at market price, and the resultant "money will be controlled by me ... to ensure it is used to benefit the people of Venezuela and the United States!"

An oil tanker is docked at a pier at the El Palito refinery of the state oil company PDVSA.

Jesus Vargas | Picture Alliance | Getty Images

President Donald Trump said on Tuesday evening that the interim authorities in Venezuela will be turning over between 30 million to 50 million barrels of oil to the United States.

Trump, who announced the transfer in a social media post, said the oil will be sold at its market price, "and that money will be controlled by me, asÂ President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States!"

"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," Trump wrote.

The announcement came three days after U.S. forces captured Venezuela's authoritarian leader Nicolas Maduro and his wife in Caracas, and took them to New York, where they are charged in a federal drug-trafficking conspiracy indictment.

Trump says Venezuela to give up to 50 million barrels of oil to U.S.

Trump says Venezuela to give up to 50 million barrels of oil to U.S.

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