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“We took 50 million barrels of oil. They are floating right now and on extremely large ships to Houston,” Trump said during a Republican rally at an industrial plant in Georgia. The president concluded by saying that Venezuelan President Delcy Rodríguez “is doing a great job.”
Subsequently, Trump returned to national issues regarding the economy and the midterm elections on November 3.
The president’s comments on oil come 24 hours after the Treasury Department made official a rule that relaxes restrictions on oil companies operating in Venezuela and allows them to export crude oil under strict supervision and reporting conditions.
The new licenses authorize five large companies – Chevron, BP, Eni, Shell and Repsol – to carry out hydrocarbon-related transactions with the state-owned Petróleos de Venezuela (PDVSA) and other public entities.
