USA Trump secures control over sale of Venezuela's oil
US President Donald Trump is intervening directly in Venezuela's oil industry and securing control over revenues from the sale of the raw material.
07.01.2026, 01:56
SDA
The South American country will supply between 30 and 50 million barrels of sanctioned oil to the USA, the Republican announced on the Truth Social platform.
"This oil will be sold at its market price, and the money will be controlled by me as President of the United States of America to ensure that it is used for the benefit of the Venezuelan people and the United States," Trump continued.
The oil will be brought directly to US ports by ship. Energy Secretary Chris Wright has been instructed to implement this plan "immediately", Trump said. Crude oil volumes are measured in barrels. A barrel is around 159 liters.
