Trump says Venezuela to hand over up to 50 million barrels of oil to US
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US President Donald Trump announced that Venezuela will hand over 30 to 50 million barrels of sanctioned oil to the US. The oil, currently held in storage due to a US embargo, will be sold at market prices, with Trump controlling the revenues to benefit both the Venezuelan people and the US. He has directed his energy secretary to implement the plan immediately, transporting the oil to US unloading docks. This announcement follows Trump's pledge to "take back" Venezuela's oil reserves after his administration's abduction of Venezuelan President Nicolas Maduro. While US oil companies are reportedly preparing to invest in rebuilding Venezuela's energy infrastructure, the three largest companies have not commented directly on Trump's plans.
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