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US Sells First Batch Of Venezuelan Oil, Makes $500M - Foreign Affairs - Nairaland

Nairaland ForumNairaland GeneralPoliticsForeign AffairsUS Sells First Batch Of Venezuelan Oil, Makes $500M (16838 Views)

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US Sells First Batch Of Venezuelan Oil, Makes $500M by PMForce(op): 10:10am On Jan 15
The US has officially started selling Venezuelan oil

The United States has completed its first sale of Venezuelan oil, valued at $500 million, according to an administration official.

Additional sales of oil are expected in the coming days and weeks, the official added.

In the days since the United States attacked Venezuela and captured its president, Nicolás Maduro, earlier this month, President Donald Trump has made it clear that he plans to tap into the country’s vast oil reserves.

Trump said on Friday that the oil industry would invest at least $100 billion to rebuild Venezuela’s battered energy sector — though it’s not clear where that number came from.

The administration’s plans to capitalize on Venezuela’s oil were met with skepticism by US energy executives at the White House on Friday.

“It’s uninvestible,” ExxonMobil CEO Darren Woods told officials when discussing the obstacles to doing business in Venezuela. “There are a number of legal and commercial frameworks that would have to be established to even understand what kind of returns we would get on the investment.”

Several other executives also expressed reluctance with doing business in the embattled Latin American country. After a lengthy White House meeting on Friday, Trump and his top aides had emerged without any major commitments from companies to invest billions of dollars in the nation.

The details about the first oil sale were unclear on Wednesday, but in a statement, White House spokesperson Taylor Rogers said that “President Trump’s team is facilitating positive, ongoing discussions with oil companies that are ready and willing to make unprecedented investments to restore Venezuela’s oil infrastructure.”

On Wednesday, Reuters reported that Venezuelan crude oil was being offered at a discount to traders compared to competing oil from other countries, such as Canada.
https://edition.cnn.com/2026/01/14/business/venezuelan-oil-us-sell-trump?Date=20260115&Profile=CNN,CNN+International&utm_content=1768445049&utm_medium=social&utm_source=facebook&fbclid=IwY2xjawPVoUBleHRuA2FlbQIxMQBzcnRjBmFwcF9pZAwzNTA2ODU1MzE3MjgAAR4gY9vPjzOCwAroA7tLyTPmVo-VPq__fT-h0rCeD3kZp_CAsbcLES_SUuqXTQ_aem_pS7_IVXXEeYqrLFt7p7irA

Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by chatinent:
Before those who'd bring "they would have stolen Nigerian oil" into this discussion. My question is: Is the oil not still already stolen yet hunger, terrorism, banditry, and corruption fester? "

So we should love local thieves and loath international theives?
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by christejames(m): 10:44am On Jan 15
America 🇺🇸 should come and make more profit from Nigeria 🇳🇬 oil biko, at least we will finally be seeing the true figure we are generating from oil and I know the money will be properly channeled by America for the benefit of all...




Tinupoo has failed us!
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by helinues: 10:45am On Jan 15
The invasion was all about encroachment.

I pity Trump after his tenure. The way he will be dragged heh
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by helinues: 10:46am On Jan 15
christejames:
America 🇺🇸 should come and make more profit from Nigeria 🇳🇬 oil biko, at least we will finally be seeing the true figure we are generating from oil and I know the money will be properly channeled by America for the benefit of all...




Tinupoo has failed us!
Inferiority complex is really affecting some of una.

Use this free gifted senses, it's for your own benefits
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by christejames(m): 10:50am On Jan 15
helinues:
Inferiority complex is really affecting some of una.

Use this free gifted senses, it's for your own benefits
At least I have a freely gifted sense to think for myself unlike you that your brains thinks around 30k a month stipend cum ronu! undecided
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by helinues: 10:53am On Jan 15
christejames:
At least I have a freely gifted sense to think for myself unlike you that your brains thinks around 30k a month stipend cum ronu! undecided
Your none using of your free gifted senses is making you to be supporting in vain. It's smartness to be getting paid for what you support.

Make una stop using una penury situation to be engaging us. We knew nothing about una predicaments
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by BondRiv: 10:53am On Jan 15
An economy propped up by illegality.
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by christejames(m): 10:57am On Jan 15
helinues:
Your none using of your free gifted senses is making you to be supporting in vain. It's smartness to be getting paid for what you support.

Make una stop using una penury situation to be engaging us. We knew nothing about una predicaments
That's not smartness oremi, that's hunger induced shrewdness undecided
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by LadyExcellency: 11:05am On Jan 15
At least Venezuela Vice President is coming to USA for budget presentation and approval. The Venezuelans are going to see investment boom in oil and gas as never before.

Freedom at last.
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by PMForce(op): 11:19am On Jan 15
LadyExcellency:
At least Venezuela Vice President is coming to USA for budget presentation and approval. The Venezuelans are going to see investment boom in oil and gas as never before.

Freedom at last.
While the money earned is going to USA, I hope you're aware?
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by Flangelo12: 11:23am On Jan 15
christejames:
At least I have a freely gifted sense to think for myself unlike you that your brains thinks around 30k a month stipend cum ronu! undecided
Go sit down.

Your likes were easily put on boats to a distant land.

Strangely, many were pushed overboard, never to be seen again.
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by helinues: 11:28am On Jan 15
christejames:
That's not smartness oremi, that's hunger induced shrewdness undecided
Quarter is better than nothing. Imagine, you can't even think straight . Hunger na your mate
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by helinues: 11:29am On Jan 15
Flangelo12:
Go sit down.

Your likes were easily put on boats to a distant land.

Strangely, many were pushed overboard, never to be seen again.
Bro, it's life frustrations they want to be using on us as if we knew something about their predicaments.

Selfie outing, wetin N30K go buy. Poverty have done so many damages to their thinking faculty
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by LadyExcellency: 11:38am On Jan 15
PMForce:
While the money earned is going to USA, I hope you're aware?
No, it will be used in running Venezuela and expanding exploration and revamping old oil wells. Venezuelans are expecting diversification and expansion of investment in the country.

Sanctions will be lifted. Socialism is dead in Venezuela. Prosperity at last.
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by Nwaikpe: 11:40am On Jan 15
God bless America

God bless you Don!

We are ready to trade our oil and resources for the safety that America can give from izlam.
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by FalseProphet1(m): 11:40am On Jan 15
Donald Trump should try and pay his tithes for the sales. I would be happy to receive Africa's share in my spiritual center so that I'll pray for the whole of Africa.

I see America stealing more oil and selling, I see Venezuela becoming worse than Nigeria.

This I have seen.
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by ruggedtimi(m): 11:40am On Jan 15
All the fuel wasted on the jets to get maduro..has been refunded.
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by b0rn2fuck(m): 11:41am On Jan 15
International thief thief, just like Baba fela said, na wah for Mr. Trump
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by Flangelo12: 11:41am On Jan 15
LadyExcellency:
No, it will be used in running Venezuela and expanding exploration and revamping old oil wells. Venezuelans are expecting diversification and expansion of investment in the country.

Sanctions will be lifted. Socialism is dead in Venezuela.
Whilst ExxonMobil says they would not be returning to Venezuela.
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by Sheuns(m): 11:42am On Jan 15
At least they made the value of the sale known. Here we do not know how much our FG makes from daily oil sales. They only say they produce 1.3m barrels per day.
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by allthingsgood: 11:42am On Jan 15
BROAD DAYLIGHT ROBBERY
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by Careful4u: 11:42am On Jan 15
That's what we call transparency! not the tribaaal bigots here busy defending the failure in Aso Rock grin grin grin
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by Fiscus105(m):
helinues:
Inferiority complex is really affecting some of una.

Use this free gifted senses, it's for your own benefits
Let me tell you fact,......the money Venezuela citizens will be enjoying from this oil sales, being spare headed by USA, will by far higher than, the one they are enjoying wen Maduro their own was there.


Which enjoyment are citizens seeing from Nigeria Oli sales and excessive tax? If USA and UK come today to oversee it, citizens will enjoy far more than this.

If father is unable to take care of his household, definitely concubine will come in to do his duty.
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by dibusnotion: 11:43am On Jan 15
emperor Trump
power is trancient
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by stuffs2002: 11:43am On Jan 15
chatinent:
Before those who'd bring "they would have stolen Nigerian oil" into this discussion. My question is: Is the oil now still already stolen yet hunger, terrorism, banditry, and corruption fester? "
S L A V E mentality...

You would rather be happy oyinbo enslaved you again
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by Flangelo12: 11:44am On Jan 15
Fiscus105:
Let me tell you fact,......the money Venezuela citizens will be enjoying from the sale being spare headed by USA, will be by far higher than, the one they are enjoying wen Maduro their own was there.
Anyone could give Americans more money if they are allowed to Kidnap Trump.
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by omoredia: 11:44am On Jan 15
Better. It would be much better Trump sells our oil than Tinubu that is using proceeds for bandits
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by stuffs2002: 11:45am On Jan 15
Fiscus105:
Let me tell you fact,......the money Venezuela citizens will be enjoying from the sale being spare headed by USA, will be by far higher than, the one they are enjoying wen Maduro their own was there.
Stop lying to yourself.

There is no way Venezuela will make more more if their oil is stolen
Re: US Sells First Batch Of Venezuelan Oil, Makes $500M by Richtaiwo(m): 11:45am On Jan 15
helinues:
Bro, it's life frustrations they want to be using on us as if we knew something about their predicaments.

Selfie outing, wetin N30K go buy. Poverty have done so many damages to their thinking faculty
I burst out laughing, out of sheer pity for the clown when I read the nonsense he typed. He proudly announced that he was deploying his God-given intelligence because, according to him, nobody was paying him N30k.

First off, the very notion that someone is being paid N30k whether monthly, weekly, or per post, is itself conclusive evidence that he is operating on borrowed sense.

Secondly, any person not surviving on borrowed intelligence would never reason that the best response to hating a president is to cheerfully invite an already wealthy country to come and plunder his own nation’s resources. That level of logic does not signal protest, it announces vacancy.
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