‘We’re bringing Venezuela back’: Trump says US working closely with Caracas on oil deal

WASHINGTON: US President Donald Trump on Tuesday (local time) said that the country is working “very well” with Venezuelan authorities as Caracas prepares to send millions of barrels of oil to American refineries.

Trump asserted that his administration is working closely with Caracas and claimed that large volumes of Venezuelan oil are already entering the United States as part of the engagement.

Speaking at the Detroit Economic Club, Trump said, “I’m Venezuela’s biggest fan. We’re working with them. They came down from a very high number to a disaster.”

The US President informed that Venezuela has begun supplying oil to the United States. Trump said the arrangement would have a direct impact on global energy markets, asserting that increased supply would help lower prices.

“We are bringing Venezuela back, and we are going to be great for Venezuela, great for our country. We’re taking in millions and millions of barrels of oil, and now they are coming in initially on a daily basis, 50 million, and values of over $5 billion. We will get oil prices down even further,” he said.

Sharing the success of his military action, Trump added, “It’s an incredible feeling. Winning is a good thing”. Trump’s remarks came after the United States on January 3, launched military action in Venezuela and captured Venezuela’s then-president, Nicolas Maduro.

On Sunday, Trump also spoke with the interim President of Venezuela, Delcy Rodriguez, saying, “She’s been very good. She asked us if we could take 50 million barrels of oil, and I said ‘yes, we can’. It is worth $4.2 billion, and it is on its way right now to the United States”. (ANI)