$4.2 billion Venezuelan oil shipment on the way to US, says Trump
US President Donald Trump spoke to reporters aboard Air Force One on Sunday (local time) regarding the situation in Venezuela. He said the relationship between the two countries is moving in a positive direction.
“Venezuela is really working out well. We’re working along really well with their leadership, and we’ll see how it all works out,” Trump said.
The President also shared details about a recent conversation with Venezuela’s acting President, Delcy Rodriguez. According to Trump, Rodriguez asked if the United States could take 50 million barrels of oil. The US President said yes and added that the oil is worth about $4.2 billion and is already on its way to the United States.
These comments came soon after Trump signed a new Executive Order related to Venezuelan oil money held in the United States.
What did Trump say about the Venezuela oil deal?
Trump said he had a positive discussion with Delcy Rodriguez and praised her cooperation. He said she requested the US to accept 50 million barrels of oil, and he agreed.
Trump told reporters that the oil shipment is already moving toward the United States. He also highlighted the value of the shipment and said it shows strong cooperation between the two sides.
Trump’s remarks suggest that talks between the two governments are ongoing and that energy cooperation is playing an important role in the relationship.
Why did Trump declare a national emergency?
On Friday (local time), Trump signed an Executive Order declaring a national emergency. The goal is to protect Venezuelan oil revenue that is held in US Treasury accounts.
The President said this move supports US foreign policy and national security goals.
According to the White House, the order blocks any legal action against these funds. This includes court judgments, liens, garnishments, and any other legal process that could try to take or seize the money.
The funds are called “Foreign Government Deposit Funds.” They will remain frozen unless special approval is given under the new order.
The order also stops any transfer or use of the funds and cancels earlier rules that may have allowed or controlled such transfers.
It clearly states that the oil revenue belongs to Venezuela. The money is held by the US for government and diplomatic purposes and cannot be claimed by private parties.
Did Trump talk about oil company investment?
Before signing the Executive Order, Trump met with top oil and gas executives at the White House.
During the meeting, he encouraged large investments in Venezuela’s energy sector. Trump said that “a lot of money is going to be made,” suggesting strong business interest in the energy space.
This meeting shows that the US government is also focused on business and investment opportunities linked to Venezuela’s oil sector.
How has Venezuela’s acting president reacted?
Earlier on Saturday, Delcy Rodriguez strongly criticised the US action that led to the capture of deposed dictator Nicolas Mauro and his wife.
She said the move “will go down in history as a major stain” on relations between Washington and Caracas.
In a speech broadcast on the state channel Venezolana de Television (VTV), Rodriguez repeated that the Executive Branch “will not cease to condemn the criminal aggression.”
She said the action resulted in the capture of Maduro, who is currently detained in New York.
Her comments show that while oil discussions are moving forward, political tensions remain high between the two countries.
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