US President Donald Trump on Tuesday stated that the country is working "very well" with Venezuelan authorities as Caracas prepares to send millions of barrels of oil to American refineries. Trump further stated 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.
I'm Venezuela's biggest fan, says Trump
While addressing 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 started supplying oil to the United States and added that 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.
It's an incredible feeling: Trump on military action in Venezuela
Sharing the success of his military action, Trump added, "It's an incredible feeling. Winning is a good thing."
The statement from Trump comes after the United States on January 3 launched military action in Venezuela and captured Venezuela's then-president, Nicolas Maduro. Last week, 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."
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50 million barrels of Venezuela oil worth USD 4.2 billion on its way to US: Trump
