WASHINGTON: The US has completed the first sales of Venezuelan oil that are part of a $2 billion deal reached earlier this month between Caracas and Washington, a US official told Reuters on Wednesday. Additional sales are expected in the coming days and weeks, the official added. Revenue from the initial oil sales — valued around $500 million — is being held in bank accounts controlled by the US government, according to an administration official, citing an order issued on Friday.
US completes first Venezuelan oil sales valued at $500 million, US official says
Additional sales expected in coming days and weeks
Main account located in Qatar for neutral fund movement
January 14, 2026 20:19
WASHINGTON: The US has completed the first sales of Venezuelan oil that are part of a $2 billion deal reached earlier this month between Caracas and Washington, a US official told Reuters on Wednesday.
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