Trump Says Venezuela Would Give Him 30 to 50 Million Barrels of Oil

President Donald Trump stated he is losing no time relating to oil in Venezuela.

In a publish on Fact Social on Tuesday, Trump stated that the interim president of Venezuela will “be turning over” between 30 and 50 million barrels of sanctioned oil, and that the oil can be bought at market costs, with the income overseen by him as president to make sure it advantages each Venezuela and the US.

“It is going to be taken by storage ships, and introduced on to unloading docks in the US,” Trump wrote on Fact Social.

He added that he directed Vitality Secretary Chris Wright to hold out the plan “instantly.”

It’s unclear if the plan will face authorized hurdles, and additional particulars are unknown. The White Home didn’t instantly reply to a request for feedback.

The present interim chief of Venezuela is Delcy Rodríguez, who was sworn in as performing president on January 5, 2026, after the US captured and detained the nation’s former President Nicolás Maduro, alongside his spouse. Rodríguez is a longtime Maduro loyalist and initially served because the Vice President of Venezuela. She has thus far not spoken out on whether or not she would cooperate with Trump’s plan.

Trump’s feedback construct on his earlier remarks that he would “take again” Venezuela’s oil reserves and revive the nation’s battered vitality sector, which has confronted sanctions and mismanagement.

Trump additionally beforehand stated in an interview with NBC Information that the US might reimburse American oil companies for increasing their operations in Venezuela, however he didn’t have an estimate on how a lot the subsidy would price.

Regardless that a bigger provide might result in decrease prices for American customers, the downward strain on costs might disincentivize large oil companies from investing in Venezuela. It might additionally take years to construct functioning infrastructure.

Venezuela’s oil manufacturing at the moment accounts for lower than 1% of the worldwide oil output, regardless of possessing the world’s largest known oil reserves.