Trump announces 'high quality' oil deal with Venezuela

Group 1: Oil Transfer and Economic Impact - Donald Trump announced that Venezuela's interim government will transfer between 30 and 50 million barrels of "high quality" oil to the US, valued at over $2 billion [1] - The oil will be transported by storage ships directly to US unloading docks and sold at market price, with proceeds controlled by Trump [1] - The plan is to be executed by Energy Secretary Chris Wright [1] Group 2: US Oil Companies and Venezuela - Trump has indicated that US oil companies could resume operations in Venezuela within 18 months following the arrest of President Nicolas Maduro [4] - Currently, only Chevron operates in Venezuela, while Exxon Mobil and ConocoPhillips exited after nationalization under Hugo Chavez [5] - Reports suggest that executives from US oil companies are expected to visit the White House to discuss potential investments in Venezuela [6] Group 3: Venezuela's Oil Reserves and US Sanctions - Venezuela possesses the world's largest reserves of heavy oil, surpassing Canada and Russia [5] - The US has recently blocked oil tankers from leaving Venezuela and seized several in international waters as part of sanctions enforcement [5]