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US makes initial $500M Venezuelan oil deal; some proceeds headed to Qatari bank
The Trump administration holds $500 million from the first sale of seized Venezuelan oil in U.S.-controlled accounts, with further sales and revenue sharing planned.
- Last week, an administration official said the first U.S. sale of Venezuelan oil has been completed and is valued at $500 million, with proceeds split among Venezuelans, U.S. companies and the U.S. government.
- At a White House meeting last week, the administration is facilitating discussions with U.S. oil companies ready to invest, while Trump said the U.S. will sell 50 million barrels of Venezuelan oil.
- The White House met top U.S. oil executives last week, where Darren Woods, ExxonMobil CEO, called Venezuela 'uninvestable' after two asset seizures, while Mr. Trump said, `They know the risks`.
- Administration officials say the deal will benefit both American and Venezuelan people, and Trump has said proceeds to Venezuela must buy only American-made products, Taylor Rogers said.
- Amid heavy U.S. sanctions, the sale shifts the policy landscape as a CBS News/YouGov poll finds most Americans want limited U.S. control over Venezuela after Nicolás Maduro's arrest.
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The United States has completed its first sale of Venezuelan oil, American media reports.
·Stockholm, Sweden
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Trump Is Reportedly Funneling Money From Venezuelan Oil Sales To a Bank Account in Qatar
AP Photo/Evan Vucci, Pool President Donald Trump is funneling proceeds from the sale of Venezuelan oil to a bank account in Qatar, Semafor reported on Wednesday. This month, Trump ordered an invasion of Venezuela and the abduction of President Nicolas Maduro, who was whisked to the U.S. to face federal drug trafficking charges. The move was the culmination of a months-long campaign of aggression against Venezuela, boats from which were bombed by…
·United States
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Coverage Details
Total News Sources25
Leaning Left5Leaning Right2Center7Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 36%
C 50%
14%
Factuality
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