US to Receive 30 to 50 Million Barrels of Sanctioned Oil From Venezuela: Trump

The U.S. president announced that the oil would be sold in the United States at market price.

Drivers pass by the "El Palito" refinery on the outskirts of Puerto Cabello, Venezuela, on Dec. 18, 2025. Jesus Vargas/Getty Images

The United States will soon receive 30 million to 50 million barrels of sanctioned Venezuelan oil from the South American nation in the near future, U.S. President Donald Trump announced on Jan. 6.

“I am pleased to announce that the Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION Barrels of High Quality, Sanctioned Oil, to the United States of America,” Trump wrote in a post on Truth Social.