President Donald Trump has announced a new energy agreement between the United States and Venezuela, aimed at strengthening national security and economic ties in the Western Hemisphere. The announcement follows the recent apprehension of Venezuelan leader Nicolas Maduro on January 3, 2026, who was indicted for several violent crimes, including narco-terrorism conspiracy.
According to the statement, “Thanks to President Trump, the United States is restoring prosperity, safety, and security to the United States and Venezuela.” The press release describes Venezuela as a nation that once benefited from its natural resources and strong partnership with the U.S., but suffered economic decline due to leadership decisions over more than two decades.
On January 6, 2026, President Trump revealed details of an energy deal intended to help restore Venezuela as a stable ally. “Secretary Wright and the Department of Energy are working with the Interim Venezuelan Authorities and private industry to execute this deal,” according to the release.
The agreement includes marketing Venezuelan crude oil in global markets for the benefit of both countries and their allies. The process involves collaboration with major commodity marketers and banks. “All proceeds from the sale of Venezuelan crude oil and oil products will first settle in U.S. controlled accounts at globally recognized banks to guarantee the legitimacy and integrity of the ultimate distribution of proceeds,” states the announcement.
Funds generated from these sales will be distributed by the U.S. government for American and Venezuelan interests. Initial sales are expected to include approximately 30–50 million barrels of oil, with ongoing transactions planned.
To ensure compliance with U.S. law and national security policies, only authorized channels will be used for transporting oil into or out of Venezuela. Sanctions are being selectively eased to facilitate these activities.
The deal also provides for U.S.-sourced diluent (light crude oil) shipments into Venezuela as needed to support production processes involving heavy crude oil. In addition, selected imports of oil field equipment, parts, and services will be allowed in order to address years of declining output through modernization efforts involving American technology and investment from international partners.
The press release highlights challenges facing Venezuela’s electricity grid after years of underinvestment: “Venezuela’s electricity grid is dilapidated and fragile after years of socialist mismanagement, corruption, and poor maintenance. Nationwide, production of electricity has declined by over 30 percent…” The United States plans to work on improving this infrastructure as part of broader efforts linked to increased oil production and improved living conditions in Venezuela.
