Venezuela Crisis: US President Donald Trump made a big announcement regarding Venezuela on Tuesday. He told on his social media platform Truth Social that the interim government of Venezuela will sell 30 to 50 million barrels of high quality oil to America. According to Trump, America will get this oil only at market price.

Donald Trump said that he will have control over the money received from the sale of oil and this amount will be used in the interest of the people of both the countries. He also said that he has instructed Energy Secretary Chris Wright to immediately implement this plan. The oil will be transported directly to America’s unloading docks and ports via storage ships.

Statement issued by the White House

Meanwhile, the White House has informed that an important meeting will be held in the Oval Office on Friday regarding the oil business related to Venezuela. Senior officials of big American oil companies like Exxon, Chevron and ConocoPhillips can attend this meeting. It is believed that Venezuela’s oil deal and future strategy will be discussed in detail in this meeting.

US President Donald J Trump posts, “I am pleased to announce that the Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION Barrels of high-quality, sanctioned oil to the United States of America. This Oil will be sold at its market price, and that money… pic.twitter.com/m48isFvX8W

— ANI (@ANI) January 7, 2026

Venezuela has oil reserves

Venezuela has the world’s largest crude oil reserves, yet it produces an average of only 1 million barrels of oil per day. If we compare this with America, in October America was producing an average of 13.9 million barrels of oil per day. If America buys 1 barrel of oil for about $56, then according to Trump’s plan, Venezuelan oil will be worth about $2.8 billion.