US EditionTrump says Venezuelan oil is already coming into American refineries
The U.S. has seized 50 million barrels of Venezuelan oil and secured a $500 million sale, with more deals expected as American refineries process the seized barrels.
- President Donald Trump said in a Jan. 23 New York Post interview that Venezuelan oil seized by the U.S. is already being processed at American refineries, including Houston.
- Following the removal of Venezuela's leader, the administration has pursued control of Venezuela's oil reserves and says it took seven million barrels as part of that effort.
- An administration official said the first sale was $500 million, and three sources reported some proceeds might be stored in Qatar.
- Trump said both countries would share proceeds, noting Venezuela 'is going to get some, and we’re going to get some,' and the president said major oil companies will invest in rebuilding Venezuela's energy sector.
- The president warned that more deals involving millions of barrels are coming, saying the U.S. military has seized seven Venezuela-linked tankers but declined to disclose their locations.
27 Articles
27 Articles
Vitol and Trafigura: Traders at the Heart of Trump's Venezuela Oil Grab
(Bloomberg) — President Donald Trump has portrayed his takeover of Venezuela’s oil sales as a victory for America, but when his administration wanted to sell several billion dollars’ worth of the fuel quickly, the experts it turned to were a couple of foreign trading houses.
U.S. President Donald Trump said his government controls the Venezuelan oil industry and manages its income distribution, in addition to keeping the crude seized from Caracas from at least seven intercepted ships, which “is already being processed at U.S. refineries,” during an interview published yesterday by The New York Post.
Trump was intrigued by a statement.
The United States took the oil found on confiscated Venezuelan oil and will process it in U.S. refining, U.S. President Donald Trump said in an interview agreed New York Post, published Saturday. "Let's say things...
Exclusive | Trump tells The Post he has seized Venezuela oil — but can’t reveal where ships are located
WASHINGTON - President Trump said the U.S. has taken the Venezuela oil aboard seven recently-seized tankers -- but the location of the ships remains a mystery.
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