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Trump Claims Venezuela Will Turn Over 50m Barrels of Oil

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US President Donald Trump has declared that Venezuela will transfer up to 50 million barrels of oil to the US following a military operation that removed President Nicolás Maduro. Trump will manage the oil's profits at market price, benefiting both Venezuelan and American citizens. This announcement precedes Trump's earlier statement about his plans to revive Venezuela's oil industry with American investment in 18 months.

In this context, Delcy Rodriguez was sworn in as Venezuela's interim president after Maduro was brought to the United States on charges of drug trafficking and weapons offences. Trump has indicated that resurgent Venezuelan oil production is advantageous for the US and could potentially stabilise prices. Analysts, however, caution that rebuilding Venezuela's oil output could require vast investment over a decade.

During a meeting with major US petroleum companies, they discussed further steps without reaching concrete outcomes. Chevron, the only US company currently operating in Venezuela, emphasised compliance with all laws and prioritised employee safety. Meanwhile, ConocoPhillips expressed interest but refrained from committing to future ventures pending further developments.

Maduro's removal came under scrutiny as Trump alleged Venezuela's theft of American oil assets, a claim considered oversimplified by experts. Venezuela nationalised its oil industry in 1976, and it further tightened control in 2007 under Hugo Chavez. The result led to a compensation order of $8.7 billion in 2019 from a World Bank tribunal for ConocoPhillips, which remains unpaid.

Looking ahead, the potential reopening of Venezuela's oil sector to US firms could be transformative but faces significant logistical and legal challenges. The future of US-Venezuela oil relations, contingent on political stability and investment efforts, remains uncertain as discussions continue.

Key Takeaways:

  • Trump announced Venezuela will transfer up to 50 million barrels of oil to the US.

  • Delcy Rodríguez is Venezuela's interim president, succeeding Nicolás Maduro.

  • Experts caution that rebuilding Venezuela's oil output could take a decade.

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Adapted by ASEAN Now from BBC 2026-01-07

 

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  • bunnydrops
    bunnydrops

    Are you sure he didn't say "steal" instead of turnover?

  • Jingthing
    Jingthing

    Jake Broe says ten years best case scenario. But so many risk factors. If Venezuelans view this as imperialist colonial theft (which is what "Donroe doctrine" is talking now) they'll just use cheap dr

  • Another words he’s extorting oil from a sovereign nation via force….furthermore from what I’m lead to believe that the infrastructure to facilitate this theft of another nation’s resources is in disre

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  • Popular Post

Are you sure he didn't say "steal" instead of turnover?

  • Popular Post

Another words he’s extorting oil from a sovereign nation via force….furthermore from what I’m lead to believe that the infrastructure to facilitate this theft of another nation’s resources is in disrepair.he’s making noise for his ever shrinking base.

12 minutes ago, Tug said:

Another words he’s extorting oil from a sovereign nation via force….furthermore from what I’m lead to believe that the infrastructure to facilitate this theft of another nation’s resources is in disrepair.he’s making noise for his ever shrinking base.

The oil will be from loaded vessels and in storage that have been affected by the naval blockage. Trump is only blowing hot air and unlikely to get what he threatened. Rodriquez has since hardened her tone against Trump and have meet key allies like China, Russia, Iran and India for support. She will unlikely to off load oil to China for Trump. Trump can't do anything except threats as he know that sending in the military will be a serious miscalculation. This is not going well for Trump.

Russian submarines are escorting the Russian tankers pursued by US. Trump has bite of more than he can chew.

4 hours ago, Eric Loh said:

Trump can't do anything except threats as he know that sending in the military will be a serious miscalculation.

He can send in some missiles, like he did with the drug running boats, and tell Venezuela you can either handover control of the oil, or end up like Gaza. No boots on the ground needed.

5 minutes ago, Eric Loh said:

Russian submarines are escorting the Russian tankers pursued by US. Trump has bite of more than he can chew.

Why do you think he has bit off more than he can chew?

5 hours ago, Eric Loh said:

Trump can't do anything except threats as he know that sending in the military will be a serious miscalculation. This is not going well for Trump.

Trump can handle this personally...........with "bonespurs on the ground", as he'll need something bigly glorious to divert attention from the Maduro case collapsing now that the DOJ admits the alleged "Cartel de los Soles" doesn't exist.

The much-publicised Cartel de los Soles, which was allegedly a leading drug trafficking network from Venezuela, does not exist. That was the pretext used by US President Donald Trump to justify a campaign against Venezuela and the abduction of its President, Nicolás Maduro, and his wife, Cilia Flores. Instead, the term Cartel de los Soles is a slang used to define a “patronage system” and “culture of corruption” that is fueled by drug money.

https://www.wionews.com/world/cartel-de-los-soles-myth-trump-venezuela-1767690359221

"We know where the Fentanyl is......it's in the area around Tikrit and Baghdad and east, west, south and north somewhat."

5 minutes ago, KhunHeineken said:

Why do you think he has bit off more than he can chew?

Do you think he will risk a confrontation with Russia? You don't see the possibility of escalation which will involved other major countries? Trump always act on impulse and lack planning that can result in miscalculation especially in foreign policy.

10 minutes ago, Eric Loh said:

Do you think he will risk a confrontation with Russia?

No, but why should he?

He'll let Putin bleed out slowly. He said he would win the war in 3 days and it's been over 3 years. He's borrowed soldiers from North Korea, and paid African mercenaries. He's also emptied the gaols with promises of commuted sentences. Does this sound like a formidable army to you? Have you seen the ancient military hardware Russia is deploying on the battlefield?

Trump can sit back and watch Russia return to the 80's, when there were 2 kilometer queues for a loaf of bread. Then, Putin will have to rolling the tanks against his own people, or go into exile.

14 minutes ago, Eric Loh said:

You don't see the possibility of escalation which will involved other major countries?

No, unless Putin expands into other countries.

15 minutes ago, Eric Loh said:

Trump always act on impulse and lack planning that can result in miscalculation especially in foreign policy.

Trump is just the messenger. Why don't you look at those around him for who is making policy. Better still, why don't you look at who financially gains out of such policy. Follow the money.

29 minutes ago, NoDisplayName said:

Trump can handle this personally...........with "bonespurs on the ground", as he'll need something bigly glorious to divert attention from the Maduro case collapsing now that the DOJ admits the alleged "Cartel de los Soles" doesn't exist.

The much-publicised Cartel de los Soles, which was allegedly a leading drug trafficking network from Venezuela, does not exist. That was the pretext used by US President Donald Trump to justify a campaign against Venezuela and the abduction of its President, Nicolás Maduro, and his wife, Cilia Flores. Instead, the term Cartel de los Soles is a slang used to define a “patronage system” and “culture of corruption” that is fueled by drug money.

https://www.wionews.com/world/cartel-de-los-soles-myth-trump-venezuela-1767690359221

"We know where the Fentanyl is......it's in the area around Tikrit and Baghdad and east, west, south and north somewhat."

But, but, but, Maduro has weapons of mass destruction. Sound familiar? 😀

1 hour ago, KhunHeineken said:

He can send in some missiles, like he did with the drug running boats, and tell Venezuela you can either handover control of the oil, or end up like Gaza. No boots on the ground needed.

Ah yes, bomb the living daylights out of the place - standard America practise when they don't get their way - I believe they like to refer to it as "winning hearts and mind!

1 hour ago, Eric Loh said:

Russian submarines are escorting the Russian tankers pursued by US. Trump has bite of more than he can chew.

China will follow

14 minutes ago, JAG said:

Ah yes, bomb the living daylights out of the place - standard America practise when they don't get their way - I believe they like to refer to it as "winning hearts and mind!

They also call it "friendly fire"!

Just as Trump is doing now with his ex allies.

3 minutes ago, scottiejohn said:

They also call it "friendly fire"!

Just as Trump is doing now with his ex allies.

Specifically when they manage to hit their own side. Casualties are then called "collateral damage". The most worrying phrase in any Orders Group before a military operation is "close air support will be supplied by the US Air Force. Air strikes can be categorised as "close", "<deleted> me that was close" and "Oh <deleted> they have gone and done it again!"

The man without a plan.

Trump wants Venezuelan oil to flow to the US not China, Russia, Cuba and Iran. This is strategic global maneuvering. In return the Venezuelan oil production and refining will be brought up to date by US oil companies. Will this be the way it goes? We'll have to wait and see. Globally China is Trump's number one focus.

1 hour ago, dinsdale said:

Trump wants Venezuelan oil to flow to the US not China, Russia, Cuba and Iran. This is strategic global maneuvering. In return the Venezuelan oil production and refining will be brought up to date by US oil companies. Will this be the way it goes? We'll have to wait and see. Globally China is Trump's number one focus.

How many years and how many billion of dollars will it take to restructure the Venezuela Oil industry before there is any profitable return?

  • Popular Post
4 minutes ago, scottiejohn said:

How many years and how many billion of dollars will it take to restructure the Venezuela Oil industry before there is any profitable return?

Jake Broe says ten years best case scenario.

But so many risk factors.

If Venezuelans view this as imperialist colonial theft (which is what "Donroe doctrine" is talking now) they'll just use cheap drones to blow the infrastructure away.

Oil companies won't want to invest into such political risk.

So Trump will force taxpayers to pay.

Trump -- shambolic at home, shambolic abroad.

Of course in theory there could be a path towards Venezuelan democracy and a win win situation to raise the wealth of their people, but Trump isn't interested in that complication. A democratic Venezuela would have the agency to tell the damn Yanquis to take a hike.

12 minutes ago, Jingthing said:

Jake Broe says ten years best case scenario.

But so many risk factors.

If Venezuelans view this as imperialist colonial theft (which is what "Donroe doctrine" is talking now) they'll just use cheap drones to blow the infrastructure away.

Oil companies won't want to invest into such political risk.

So Trump will force taxpayers to pay.

Trump -- shambolic at home, shambolic abroad.

Of course in theory there could be a path towards Venezuelan democracy and a win win situation to raise the wealth of their people, but Trump isn't interested in that complication. A democratic Venezuela would have the agency to tell the damn Yanquis to take a hike.

+1

And I believe that there are millions around the world who agree with you.

9 hours ago, scottiejohn said:

How many years and how many billion of dollars will it take to restructure the Venezuela Oil industry before there is any profitable return?

Not as many as it took to ruin the country. Obviously it will take billions of dollars but I'd imagine the oil companies will get financial sweeteners. If it's good for Venezuela and good for the US what's the problem?

1 hour ago, dinsdale said:

If it's good for Venezuela and good for the US what's the problem?

Trump!

7 minutes ago, scottiejohn said:

Trump!

Trump got rid of the person from Venezuela that Biden put a $25m dollar bounty on.

A bit like what America did for Irak...except that they lied to the world at the UN...here the only difference with Trump is that he is not even bothered making up some absurd story to rob another country for their oil. An American classic that has been going on long before Trump.

2 minutes ago, dinsdale said:

Trump got rid of the person from Venezuela that Biden put a $25m dollar bounty on.

What has that got to do with Trump invading a country and stealing its oil?

So the cat is out of the bag. Nothing to do with democracy.

Pure and simple theft.

So Venezuela stole American oil from Venezuela and America will now steal it back.

Well, as we all knew, this was never about cocaine. It’s ALL about the oil and the gold….

How that idiot is still in power is beyond me!

On 1/7/2026 at 10:10 AM, bunnydrops said:

Are you sure he didn't say "steal" instead of turnover?

I find it extremely convenient everyone just "forgets" the award by the ICSID to the US oil companies for the illegal seizure of their assets in 2007 by the Chavez regime. There is absolutely NOTHING illegal about seizing commercial assets to recover a court judgement that Venezuela hasn't paid.

So no, he didn't say "stealing" because nothing was stolen. This is about recovery of a legally binding court judgement which is currently owed to the tune of 10's of billions of dollars.

On 1/7/2026 at 11:00 AM, JAG said:

Ah yes, bomb the living daylights out of the place - standard America practise when they don't get their way - I believe they like to refer to it as "winning hearts and mind!

Yes.

America says, "Become a democracy, or we will kill you." 😂

Not very democratic. 🙂

I do beleive thats 50 million is enough for only 2 days. What a total loser trump is

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