Sunday, March 1, 2026
News

"Will help build their country, which was a disaster": Trump says US will refine Venezuelan oil

SocialTwist Tell-a-Friend    Print this Page   COMMENT

Texas | February 28, 2026 6:50:30 AM IST
US President Donald Trump on Friday (local time) said the United States will refine Venezuelan oil in Texas for export, calling the plan beneficial for both nations and promising to help "build their country, which was a disaster."

Addressing a gathering in Texas, Trump said, "For the benefit of both our nations, we're going to refine their oil right here in America and right here in Texas and then export it all over the world. We're going to keep some for ourselves. We're going to give some to them, and they're going to make more money than they've ever made before. We'll help build their country again, which was a disaster. And we're going to build it up, and we're going to benefit also."

Trump said he has a "great relationship" with the current Venezuelan government, highlighting rising crude oil exports, calling the arrangement beneficial for both countries. "We're going to be doing a lot. We're having a great relationship with their government. Has anybody ever witnessed anything so beautiful, so decisive, and so popular with the people of Venezuela? It was very popular. In fact, 360,000 barrels of Venezuelan crude are right now sitting in the tanker on my left," he said.

"Crude oil exports are up by hundreds of thousands of barrels a day. Venezuela, think of it, 80 million so far. We just started 80 million barrels of fuel. That's what we've taken. And it's great for Venezuela, and it's great for us. And with our new friend and partner, Venezuela, we're going to do a lot of other things," he said.

It comes after on January 3, the US launched a "large-scale strike" in the South American country, which led to the capture of its leader, Nicolas Maduro and his wife, Cilia Flores.

Maduro and Flores were flown out of the country in a joint operation involving intelligence agencies and US law enforcement. They were indicted on charges of alleged "drug trafficking and narco-terrorism conspiracies" in the Southern District of New York and are currently facing trial.

After Maduro's capture, Trump had made it clear that Washington would "run" Venezuela during a transition and needs "total access to the oil and to other things in their country."

Delcy Rodriguez assumed the presidency following the US military's capture of Maduro and his wife. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE WORLD NEWS
'Iran will not sit idly by as US attacks...
Bangladesh expresses concerns over war i...
US Envoy to India praises PM Modi's visi...
EAM Jaishankar holds talks with Gulf lea...
Iran's Supreme Leader Khamenei killed in...
Pakistan bans drones nationwide followin...
More...
 
INDIA WORLD ASIA
Air India cancels several international ...
US, Israel not committed to their words,...
JK Students Association writes to PM Mod...
'Developments in Middle East are deeply ...
'Please be assured that safety of every ...
'Symbol of political desperation': Ashok...
More...    
 
 Top Stories
JK Students Association writes to P... 
Iran's Supreme Leader Khamenei kill... 
Passengers stranded at Chhatrapati ... 
"Developments in Middle East are de... 
EAM Jaishankar holds talks with Gul... 
We couldn't bat well throughout the... 
Air India cancels several internati... 
"Please be assured that safety of e...