US sells first Venezuelan oil worth $500 million
Washington completes first oil sales from Venezuela as part of $2 billion deal
The United States has completed its first sales of Venezuelan oil worth about $500 million, part of a $2 billion deal struck earlier this month between Caracas and Washington. About this reported Reuters American official.
Additional sales are expected in the coming days and weeks, he added.
According to a US administration official, proceeds from initial oil sales of about $500 million are being held in bank accounts controlled by the US government in accordance with an order issued on Friday.
The main account is opened in Qatar, a source familiar with the plan said, noting that the country was chosen as a neutral location where funds could be moved with the approval of the US without the risk of arrest.
- Energy Secretary Chris Wright said that the US will sell Venezuelan oil "indefinitely", and the funds will be used "for the benefit of the Venezuelan people."
- On January 9, Trump signed an executive order freezing funds from the sale of Venezuelan oil, which are in the accounts of the US Treasury Department.
- US Treasury Secretary Scott Bessent stated that the United States are considering partial withdrawal sanctions from Venezuela to facilitate oil exports and support the stabilization of the country's economy.
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