Trump says Venezuela will purchase American products with revenue from oil deal
CNBC·2026-01-07 22:32
Group 1 - Venezuela will purchase only American-made products using revenue from its oil sales, including agricultural products, medicine, and medical devices [1] - The U.S. will receive 30 million to 50 million barrels of oil from Venezuela, which will be sold at market price [2] - The U.S. will control Venezuela's oil sales indefinitely to drive necessary changes in the country [3] Group 2 - The crude oil from Venezuela will be marketed starting with stored oil and will continue with future production [3] - The U.S. aims to leverage control over oil sales to implement changes in Venezuela [3]