US Complete First Tranche Sale of Venezuelan Crude
US Complete First Tranche Sale of Venezuelan Crude
The United States has finalized its first sale of Venezuelan crude oil under a new $2 billion energy agreement.
This initial transaction, valued at approximately $500 million, follows a major U.S. military operation in early January 2026 that resulted in the capture of President Nicolás Maduro.
The proceeds from these sales are being held in U.S.-controlled bank accounts, primarily located in Qatar to prevent seizure.
This financial arrangement is part of a broader strategy where the U.S. government oversees the transition of power and manages Venezuela’s vast energy assets.
President Donald Trump stated that the U.S. would temporarily manage Venezuela’s oil industry to restore production and compensate for past losses.
He also indicated that American oil companies would be brought in to modernize the sector, which has suffered from years of decay and sanctions.
While some international allies have criticized the U.S. intervention as a violation of sovereignty, Washington maintains the action was necessary for regional stability. More oil sales are expected in the coming weeks as part of the ongoing plan to utilize Venezuela’s resources for the benefit of both nations.
