The Fort Worth Press - Trump says Venezuela to hand over oil stocks worth billions

USD -
AED 3.672504
AFN 65.497373
ALL 82.657016
AMD 381.933738
ANG 1.790403
AOA 917.000379
ARS 1460.500096
AUD 1.493451
AWG 1.8
AZN 1.699831
BAM 1.675239
BBD 2.016574
BDT 122.349515
BGN 1.666695
BHD 0.376958
BIF 2962.804343
BMD 1
BND 1.283111
BOB 6.933738
BRL 5.390397
BSD 1.001221
BTN 90.048652
BWP 13.371535
BYN 2.943789
BYR 19600
BZD 2.013662
CAD 1.38674
CDF 2244.479364
CHF 0.797285
CLF 0.022828
CLP 895.540183
CNY 6.99725
CNH 6.980105
COP 3748
CRC 497.738719
CUC 1
CUP 26.5
CVE 94.447014
CZK 20.795958
DJF 178.299321
DKK 6.39947
DOP 63.555693
DZD 129.963019
EGP 47.2701
ERN 15
ETB 155.930116
EUR 0.856485
FJD 2.270199
FKP 0.742335
GBP 0.743705
GEL 2.684973
GGP 0.742335
GHS 10.789906
GIP 0.742335
GMD 72.999798
GNF 8765.107455
GTQ 7.67465
GYD 209.476822
HKD 7.792415
HNL 26.388044
HRK 6.451403
HTG 131.112015
HUF 329.667503
IDR 16826.5
ILS 3.17739
IMP 0.742335
INR 89.92515
IQD 1311.634082
IRR 42125.000158
ISK 126.069861
JEP 0.742335
JMD 158.503786
JOD 0.70898
JPY 156.771503
KES 128.999728
KGS 87.443499
KHR 4020.64284
KMF 422.498825
KPW 899.997826
KRW 1452.580101
KWD 0.30734
KYD 0.834365
KZT 510.948843
LAK 21636.437611
LBP 89659.128365
LKR 310.490589
LRD 179.225162
LSL 16.448232
LTL 2.95274
LVL 0.604889
LYD 5.42624
MAD 9.229623
MDL 16.740401
MGA 4625.346901
MKD 52.700759
MMK 2099.899971
MNT 3559.878067
MOP 8.02938
MRU 39.879227
MUR 46.580293
MVR 15.449842
MWK 1736.132525
MXN 17.96202
MYR 4.0625
MZN 63.899425
NAD 16.448232
NGN 1425.790076
NIO 36.848755
NOK 10.09799
NPR 144.056866
NZD 1.739235
OMR 0.384494
PAB 1.001388
PEN 3.366153
PGK 4.26988
PHP 59.166031
PKR 282.99988
PLN 3.60513
PYG 6760.744341
QAR 3.650427
RON 4.357698
RSD 100.482974
RUB 80.500015
RWF 1459.296947
SAR 3.750107
SBD 8.594038
SCR 13.713586
SDG 601.501759
SEK 9.21248
SGD 1.284175
SHP 0.750259
SLE 24.093084
SLL 20969.503664
SOS 571.230342
SRD 38.215028
STD 20697.981008
STN 20.98537
SVC 8.760787
SYP 11059.574895
SZL 16.443965
THB 31.52199
TJS 9.296519
TMT 3.51
TND 2.925104
TOP 2.40776
TRY 43.054375
TTD 6.788154
TWD 31.5535
TZS 2490.000569
UAH 42.864375
UGX 3607.770583
UYU 38.989961
UZS 11983.125977
VES 311.541545
VND 26270
VUV 120.537528
WST 2.773898
XAF 561.857162
XAG 0.013297
XAU 0.000226
XCD 2.70255
XCG 1.804493
XDR 0.69877
XOF 561.859569
XPF 102.15208
YER 238.449734
ZAR 16.50335
ZMK 9001.206631
ZMW 19.999572
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    -0.2200

    81.57

    -0.27%

  • BP

    -0.1100

    33.56

    -0.33%

  • RIO

    -1.2000

    83.68

    -1.43%

  • BTI

    0.7200

    54.01

    +1.33%

  • RELX

    0.3150

    42.495

    +0.74%

  • NGG

    0.2550

    79.645

    +0.32%

  • CMSC

    0.0200

    23.02

    +0.09%

  • GSK

    0.3850

    51.005

    +0.75%

  • BCE

    0.3950

    23.725

    +1.66%

  • RYCEF

    0.0500

    17.05

    +0.29%

  • BCC

    2.8800

    76.35

    +3.77%

  • VOD

    -0.1300

    13.845

    -0.94%

  • JRI

    0.0790

    13.719

    +0.58%

  • AZN

    0.2700

    95.43

    +0.28%

  • CMSD

    0.0400

    23.62

    +0.17%

Trump says Venezuela to hand over oil stocks worth billions
Trump says Venezuela to hand over oil stocks worth billions / Photo: © AFP

Trump says Venezuela to hand over oil stocks worth billions

President Donald Trump said Tuesday that Venezuela will hand over tens of millions of barrels of oil to the United States, just days after a US raid toppled the country's anti-American president, leaving a more cooperative leader in charge.

Text size:

Trump said 30–50 million barrels of "high‑quality, sanctioned" Venezuelan crude will be shipped to US ports, with the revenue -- perhaps more than $2 billion at current market prices -- placed under his personal control.

It was not immediately clear whether Venezuela's new ruler -- interim president Delcy Rodriguez -- had agreed to hand over the oil, how the plan would work, or what its legal basis would be.

If confirmed, it would be the first major sign that Venezuela's new leader and her military-backed government were willing to meet an extraordinary set of US demands.

Venezuelan authorities did not immediately respond to request for comment.

Last Saturday, US special forces snatched president Nicolas Maduro and his wife from Caracas and whisked them to New York to face trial on drug charges.

Since then, Trump has said that the United States will "run" Venezuela and US companies will control its oil --the largest proven reserves in the world.

Interim president Rodriguez -- a long-time member of Maduro's inner circle as vice president and energy minister -- has vowed cooperation with the United States amid fears that Trump could persue wider regime change.

Trump has warned that Rodriguez will pay "a very big price, probably bigger than Maduro" if she does not comply with Washington's agenda -- ceding control of the oil industry and weakening ties with Cuba, China, Iran and Russia.

But she has also, at times, sounded defiant and appeared shoulder-to-shoulder with hardliners that control the military, police and intelligence services.

"The government of Venezuela is in charge in our country, and no-one else", Rodriguez said Tuesday. "There is no foreign agent governing Venezuela."

Trump, by contrast, has claimed Washington is now "in charge" of the South American nation and has vowed a new doctrine of US dominance in the western hemisphere.

"Trump is unapologetically establishing a US Protectorate over a sovereign country and claiming to have a right over its resources" said former Venezuelan diplomat Alfredo Toro Hardy, describing it as "something not seen in Latin America for over a century".

Trump tasked Energy Secretary Chris Wright with "immediately" executing the planned transfer and sale of the 30-50 million barrels.

- No surrender -

Experts say that Rodriguez faces a difficult task to stay in power -- balancing competing demands from Trump and government hardliners who control the security forces and paramilitaries.

Rodriguez has sought to project unity with powerful Interior Minister Diosdado Cabello and Defense Minister Vladimir Padrino Lopez, two hardliners seen as the main powerbrokers in the Maduro administration.

Since Saturday the security services have had a visible presence on the streets and Cabello has led thousands of Maduro supporters through Caracas demanding the s release.

Venezuela has yet to confirm the number of people killed in the operation in which US forces grabbed Maduro and his wife, Cilia Flores, and took them to the United States to face trial.

Venezuela's military on Tuesday published a list of 23 troops, including five generals, killed in the US strikes.

Top ally Havana separately issued a list of 32 dead Cuban military personnel, many of whom were members of Maduro's security detail.

Venezuela's Attorney General Tarek William Saab spoke Tuesday of "dozens" of civilian and military dead, without giving a breakdown.

Rodriguez has declared seven days of mourning for those killed.

"We are a people that does not surrender, we are a people that does not give up," she declared Tuesday, paying tribute to the "martyrs" of the US attacks.

- Cannot be trusted -

The White House has swatted aside the idea that Venezuela's democratic opposition -- which is widely believed to have been the real victors in last year's elections -- could take power.

Opposition leader Maria Corina Machado, sidelined by Washington in the post-Maduro transition, said in a Fox News interview that Rodriguez was not to be trusted.

"She's the main ally and liaison with Russia, China, Iran, certainly not an individual that could be trusted by international investors," Rodriguez told Fox News.

In a sign that a repressive security apparatus remains in place, 16 journalists and media workers were detained in Venezuela on Monday, according to a journalists' union.

All were later released.

Trump told Republican lawmakers Tuesday that Maduro was a "violent guy" who "killed millions of people" and claimed that Rodriguez's administration was "closing up" a torture chamber in Caracas.

The constitution says that after Maduro is formally declared absent -- which could happen after six months -- elections must then be held within 30 days.

M.McCoy--TFWP