Trump Hails 'Great Relationship' with Venezuelan Interim Govt, Secures $5.2 Billion Oil Deal
World
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Moneycontrol•17-01-2026, 05:06
Trump Hails 'Great Relationship' with Venezuelan Interim Govt, Secures $5.2 Billion Oil Deal
- •US President Donald Trump announced a $5.2 billion oil deal with Venezuela's interim government for 50 million barrels.
- •Trump praised the "great relationship" with the interim government, formed after the capture of former President Nicolas Maduro.
- •The US plans to "run" Venezuela during a transition, seeking total access to its oil and resources.
- •A recent report by Semafor confirmed the first sale of Venezuelan oil by the US, valued at $500 million, with revenues held in US-controlled bank accounts.
- •Trump intends to mobilize major US oil companies to invest billions in fixing Venezuela's oil infrastructure.
Why It Matters: Trump secures a major oil deal with Venezuela's interim government, signaling US control over its resources.
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