The United States is set to receive 30‑50 million barrels of oil from Venezuela, according to President Donald Trump. He announced that the oil will be sold at market price, with the proceeds controlled by the U.S. government. The crude will be transported to the United States on storage ships and unloaded at American docks, a move presented as benefiting both the Venezuelan and American peoples.
Venezuela, which holds the world’s largest proven oil reserves, has seen a sharp decline in production in recent years because of Western sanctions. Output has fallen to about 1.1 million barrels per day, down from its levels in the late 2010s. The United States has been seeking greater access to Venezuela’s oil resources, with Trump demanding “total access” to the country’s oil and other assets.
The situation in Venezuela has escalated. U.S. strikes were carried out in the country over the weekend, and Venezuelan leader Nicolás Maduro was abducted to face a New York drug‑trafficking trial. Trump stated that the United States will “run” Venezuela until a proper transition can take place. In response, acting President Delcy Rodríguez vowed that Venezuela will not become a colony of another empire, while signaling a willingness to cooperate with the United States.
The development has attracted international attention. Russian negotiator Kirill Dmitriev suggested that the United States could use Venezuelan oil to acquire Greenland, an island the U.S. has previously expressed interest in purchasing from Denmark. The overall situation remains complex, with the United States seeking to expand its regional influence and Venezuela striving to preserve its sovereignty. Further negotiations between the two countries are expected, and the ultimate outcome remains uncertain.
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