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Billions of Venezuelan oil flow to the US. “They will earn more than ever”

2026-01-24 17:29

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2026-01-24 17:29

President Donald Trump said that the US had confiscated Venezuelan oil from seven recently seized tankers, the New York Post reported on Saturday. He added that the raw material is processed in American refineries.

Billions of Venezuelan oil flow to the US. "They will earn more than ever"
Billions of Venezuelan oil flow to the US. "They will earn more than ever"
photo: zhengzaishuru / / Shutterstock

– I can't say – Trump replied when asked by the newspaper about the whereabouts of the seized tankers. – But let's put it this way, there's no oil on them. We are taking the oil, he added.

Trump said that oil from Venezuela is processed in American refineries. “The oil goes to the refinery in Houston in different places,” he said.

– We manage oil in Venezuela. Venezuela will get some and we will get some. Then large companies come in and will extract so much oil that Venezuela will earn more money than ever before, the president said.

The blockade of the tankers was part of the US pressure campaign on the regime of Nicolas Maduro, which culminated in the military operation on January 3, which ended with his capture and prosecution in the US.

After detaining the Venezuelan leader, Trump declared that the United States controlled this South American country and began calling on American companies to invest in the Venezuelan oil sector.

In mid-January, Trump administration officials informed the media that as part of the agreement on the sale of 50 million barrels of Venezuelan oil by the United States, the first sale of the raw material for $500 million was made.

From Washington Natalia Dziurdzińska (PAP)

Sun/Sun/

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Ashley Davis

I’m Ashley Davis as an editor, I’m committed to upholding the highest standards of integrity and accuracy in every piece we publish. My work is driven by curiosity, a passion for truth, and a belief that journalism plays a crucial role in shaping public discourse. I strive to tell stories that not only inform but also inspire action and conversation.

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