Jan. 7 (UPI) -- Venezuela's state-owned oil company, PDVSA, said Wednesday it is negotiating with the U.S. government to sell crude oil, marking a significant shift in energy ties between the two countries after years of sanctions.
"Petroleos de Venezuela S.A. reports that it is currently engaged in negotiations with the United States for the sale of oil volumes, within the framework of the commercial relations that exist between both countries," the company said in a statement.
The announcement followed remarks Tuesday by President Donald Trump, who said what he described as Venezuela's "provisional authorities" would deliver between 30 million and 50 million barrels of crude to the United States.
"This oil will be sold at market price, and I, as president of the United States, will control that money to ensure it is used for the benefit of the Venezuelan people and the United States," Trump said in a message posted on his Truth Social platform.
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