U.S. to receive 30–50 million barrels of Venezuelan oil, with sales expected to continue indefinitely, Trump says

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  • President Donald Trump said Venezuela will turn over 30 million to 50 million barrels of sanctioned oil, which will be sold at market prices.
  • But those 50 million barrels are only the first tranche and shipments will continue indefinitely, sources close to the White House told CNBC.
  • U.S. sanctions will be selectively rolled back as part of the agreement, the sources said.

Venezuela will ship sanctioned oil to the U.S. indefinitely, sources close to the White House told CNBC on Wednesday.

President Donald Trump said Tuesday that Venezuela will turn over 30 million to 50 million barrels of sanctioned oil, which will be sold at market prices.

“That money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States,” Trump said in a social media post.

https://www.cnbc.com/2026/01/07/oil-sales-from-venezuela-to-continue-indefinitely-sanctions-will-be-reduced-source-says.html

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