Trump declared his oil plans in Venezuela after Maduro's fall

President Trump recently stated that he plans to transfer 30–50 million barrels of Venezuelan oil to the United States, a shipment he said would be worth roughly $2.8 billion at market prices. Trump wrote on social media that the oil would be sold at its market price, and that he would control and oversee the proceeds to ensure they are used in a way that benefits both the Venezuelan and American people.

In his post, Trump added that Energy Secretary Chris Wright has been tasked with managing and executing the plan, including arranging for the oil to be shipped directly to U.S. ports.

Trump also argued that U.S. oil companies are expected to be “up and running” in Venezuela within the next year, as significant investment flows into rebuilding the country’s oil infrastructure, even though analysts warn that reviving Venezuela’s energy sector will require substantial time and capital.

In this regard, this announcement came three days after U.S. forces captured former Venezuelan President Nicolás Maduro, a surprising development that has heightened geopolitical tensions and drawn international scrutiny.

Finally, representatives of major American oil companies, including ExxonMobil, Chevron, and ConocoPhillips, are expected to meet with the Trump Administration this week to discuss the broader strategy for Venezuela’s oil industry and potential future involvement.

Benedetta Zimone