ERBIL, Kurdistan Region of Iraq – US President Donald Trump on Tuesday said that Venezuela's new interim authorities will turn over between 30 and 50 million barrels of oil to the US at market price, the money of which will be controlled by Trump. 

"I am pleased to announce that the Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION Barrels of High Quality, Sanctioned Oil, to the United States of America," Trump wrote on his Truth Social platform. 

In the early hours of Saturday, US forces carried out a large-scale special military operation in Venezuela employing air, land, and sea assets, which culminated in the capture of Venezuelan President Nicolas Maduro and his wife in Caracas before their transfer to American soil.

An indictment from the US Department of Justice accuses Maduro of “narco-terrorism” conspiracy, cocaine importation conspiracy, possession of machine guns and destructive devices, and conspiracy to possess machine guns and destructive devices. 

Trump said that the oil "will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States!"

Venezuela sits on the world’s largest oil reserves at over 300 billion barrels, accounting for nearly 20 percent of the world's total oil riches.

Trump further added that he had tasked Energy Secretary Chris Wright "to execute this plan, immediately," with the oil set to be taken directly to unloading docks in the US via storage ships.

Following Maduro’s arrest, Trump said Washington will be in charge of Venezuela for the time being.

“We're going to run the country until such time as we can do a safe, proper and judicious transition,” Trump said on Saturday, noting that Washington is not afraid of having “boots on the ground.”