Dialogos

Trump: Venezuela to Buy Only American Products with Oil Revenue

Published January 8, 2026, 08:01
Trump: Venezuela to Buy Only American Products with Oil Revenue

Former US President Donald Trump stated that Venezuela will exclusively purchase American products using the revenue from the sale of large quantities of oil to the United States. He claims this agreement was dictated by Washington to Caracas. Trump announced that Venezuela's interim government will “deliver” 30 to 50 million barrels of oil to his administration, which will be sold at current market prices. The proceeds from these sales, estimated at over $2 billion, will be controlled by him. Energy Secretary Chris Wright stated that the US will have indefinite control over Venezuela's oil sales, managing both the already stored oil and future production. The goal, according to Wright, is to exert influence and control to achieve changes in Venezuela. The funds from the sales will be deposited into accounts controlled by the US, but Wright assured that they will eventually be returned to Venezuela. Trump mentioned that purchases will include American agricultural products, pharmaceuticals, medical equipment, and materials for upgrading energy infrastructure.