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Trump says Venezuela to turn over 30-50 mln barrels of oil to US

Xinhua | Updated: 2026-01-07 10:11
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WASHINGTON - US President Donald Trump said Tuesday that Venezuelan authorities "will be turning over" 30 million to 50 million barrels of oil to the United States.

The oil will be sold at market price and the proceeds will be controlled by Trump himself as the US president, Trump said in a post on Truth Social, claiming that the arrangement is intended to ensure the money "is used to benefit the people of Venezuela and the United States".

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