U.S. To Receive Venezuela Oil

Benzinga

Donald Trump announced that Venezuela’s interim authorities will transfer 30 million to 50 million barrels of oil to the United States—sellable at market prices with proceeds under U.S. control—following the capture of Nicolás Maduro, marking a major shift in U.S.–Venezuela energy relations.

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00:00It's Benzinga bringing Wall Street to Main Street

00:02Trump said Tuesday evening that interim authorities in Venezuela will turn over between 30 million

00:07and 50 million barrels of oil to the United States, according to CNBC.

00:12Trump announced the plan in a social media post and said the oil will be sold at market

00:16price, with proceeds controlled by him to benefit the people of Venezuela and the United States.

00:22Trump said he directed Energy Secretary Chris Wright to immediately execute the plan to

00:26transport the oil by storage ships to unloading docks in the United States.

00:31The announcement came three days after U.S. forces captured Venezuela's leader,

00:35Nicolas Maduro, and his wife in Caracas and brought them to New York on federal drug trafficking charges.

00:41Maduro and his wife Cilia Flores pleaded not guilty during their arraignment in U.S. District Court

00:47in Manhattan. Maduro told Judge Alvin Hellerstein that he had been kidnapped and described himself

00:52as a prisoner of war. For all things money, visit Benzinga.com.

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