Trump says U.S. oversight of Venezuela's oil could last more than a year

In a New York Times interview, President Trump said U.S. oversight of Venezuela's oil sector could extend beyond a year. He said the U.S. would use Venezuelan oil and provide funds to Venezuela.

President Donald Trump told The New York Times that only time will tell how long the United States will maintain control of Venezuela's oil extraction industry. He said U.S. involvement could last longer than a year and described plans to use Venezuelan oil while providing money to the country. The article reports the U.S. intends to obtain 30 to 50 million barrels and that reviving Venezuela's oil sector will take years. Trump said the U.S. is in communication with Venezuela's interim president, Delcy Rodriguez, and made no commitments on election timing or troop deployment. What is reported: - Trump told The New York Times that U.S. oversight of Venezuela's oil industry could last more than a year. - He said the United States would use Venezuelan oil and provide funds to Venezuela. - The administration announced plans to obtain 30 to 50 million barrels of Venezuelan oil and said restoring output will take years. - Trump said the U.S. is in communication with interim President Delcy Rodriguez but did not specify whether he had spoken with her directly. - He made no commitments regarding when elections would be held or whether American troops might be sent. Summary: The reported comments indicate U.S. oversight of Venezuela's oil sector could extend beyond a year and that the United States plans to obtain Venezuelan oil while providing funds. The administration reports ongoing communication with interim President Delcy Rodriguez and says reviving Venezuela's oil production will take years. Undetermined at this time.