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US Gets First $500 Million Venezuelan Oil Deal, but the Money Isn't Going Where You'd Think

The Donald Trump administration completed its first sale of Venezuelan oil, bringing in $500 million. The money is now sitting in bank accounts controlled by the US government, with the main account located in Qatar. This choice of location has already caused concern among lawmakers in Washington. The $500 million sale marks a big step for the administration, which took control of Venezuela mere days ago after removing former leader Nicolás Madu…

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Al Bawaba broke the news in Amman, Jordan on Friday, January 16, 2026.
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