Trump Announces Venezuela to Transfer 30-50 Million Barrels of Oil to US

On January 7, 2026, U.S. President Donald Trump made a significant announcement regarding the transfer of Venezuelan oil to the United States. Trump stated that the Interim Authorities in Venezuela will be turning over between 30 and 50 million barrels of high-quality, sanctioned oil to the U.S. This oil is expected to be sold at market price, with the proceeds managed by Trump himself to benefit both the Venezuelan and American people.

Key Details

In his announcement, President Trump emphasized the scale of the oil transfer, specifying that it would involve between 30 million and 50 million barrels. This substantial quantity underscores the ongoing economic and political relationship between the United States and Venezuela, particularly in the context of U.S. sanctions against the Venezuelan government.

Trump indicated that the oil would be sold at its market price, a detail that highlights the financial implications of this transaction. By controlling the proceeds, Trump aims to ensure that the funds are utilized in a manner that benefits both nations. The President has directed Energy Secretary Chris Wright to execute this plan immediately, indicating a sense of urgency in the operation.

The logistics of the oil transfer were also outlined in the announcement. The oil will be transported using storage ships, which will deliver the product directly to unloading docks in the United States. This method of transportation is crucial for ensuring that the oil reaches its destination efficiently and safely.

Background

The announcement comes amid a backdrop of strained relations between the United States and Venezuela. The U.S. has imposed various sanctions on the Venezuelan government, primarily aimed at addressing human rights violations and the political crisis in the country. The interim authorities in Venezuela, recognized by the U.S. and other nations, have been seeking ways to navigate these sanctions while still generating revenue for the country.

Venezuela, once one of the world"s largest oil producers, has seen its economy severely impacted by years of mismanagement and sanctions. The transfer of oil to the U.S. could provide a much-needed financial boost to the Venezuelan economy, while also serving U.S. interests in securing a stable oil supply.

What"s Next

The immediate next steps involve the execution of the oil transfer plan as directed by President Trump. Energy Secretary Chris Wright is expected to oversee the logistics and ensure that the transfer proceeds smoothly. The implications of this deal could be significant for both countries, potentially altering the dynamics of U.S.-Venezuela relations.

As previously reported, the political landscape in Venezuela remains complex, and the success of this oil transfer could influence future negotiations between the U.S. and Venezuelan authorities. The announcement has garnered attention not only for its economic implications but also for its potential impact on international relations in the region.

For more information on related developments, see our coverage on Trump"s announcement regarding Venezuelan oil.