Reports: U.S. Completes First $500 Million Venezuelan Oil Sale
The United States has carried out an initial sale of Venezuelan crude valued at approximately $500 million, according to multiple reports on Thursday that cited unidentified government officials.
According to Semafor, the proceeds from the sale are currently being held in bank accounts under U.S. government control, with the primary account based in Qatar, an industry source familiar with the arrangement said. That source explained that Qatar was selected as a “neutral venue” that allows funds to be transferred with U.S. authorization while avoiding the risk of seizure.
The move was described as consistent with an Executive Order signed last week by President Donald Trump that protects Venezuelan oil revenues held in U.S. Treasury-controlled accounts from attachment or court action, with the goal of “ensuring these funds are preserved to advance U.S. foreign policy objectives.”
The same source told Semafor that the Venezuelan socialist government, currently headed by “acting President” Delcy Rodríguez, has “fully cooperated” with Washington, noting that the United States retains “leverage” through its sanctions regime and control over oil transactions.
“The United States Treasury is fully committed to supporting President Trump’s efforts on behalf of the people of Venezuela,” a U.S. Department of the Treasury spokesperson told Semafor.
Another unnamed official also confirmed to Semafor that the principal account holding the oil sale revenue is located in Qatar, describing it as a “neutral” setting where “money can flow freely with U.S. approval and without risk of seizure.”
“President Trump brokered a historic energy deal with Venezuela, immediately following the arrest of narcoterrorist Nicolás Maduro, that will benefit the American and Venezuelan people,” White House spokeswoman Taylor Rogers said in a statement to Semafor, adding that the administration is continuing “positive, ongoing discussions” with oil companies regarding Venezuela.
CBS News reported that Rogers provided a similar statement to its newsroom. Fox News likewise published Rogers’ remarks, which stated:
President Trump’s team is facilitating positive, ongoing discussions with oil companies that are ready and willing to make unprecedented investments to restore Venezuela’s oil infrastructure.
President Trump is protecting our Western Hemisphere from being taken advantage of by narcoterrorists, drug traffickers, and foreign adversaries.
Reuters, citing an unnamed U.S. official, reported that further oil sales are anticipated “in the coming days and weeks.”
Separately, the Venezuelan socialist government recently announced plans to sell as much as $2 billion in crude oil to the United States, a deal that Reuters noted last week would “divert supplies from China while helping Venezuela avoid deeper oil production cuts.”
{Matzav.com}
