US seals $500M Venezuelan oil deal, proceeds parked in Qatar
TL;DR
The Trump administration has completed its first Venezuelan oil sale worth about $500 million and is holding proceeds in accounts controlled by the US government, including a main holding in Qatar, as it aims to control revenue from up to 50 million barrels while blocking creditors; the funds are to be overseen by Treasury and disbursed back to Venezuela, with interim Venezuelan leadership cooperating and more deals anticipated amid ongoing scrutiny from lawmakers about offshore accounts.
- US gets first $500 million Venezuelan oil deal, holding some proceeds in Qatar Semafor
- U.S. Races to Sell Venezuelan Oil, Transforming Ties With Former Foe The New York Times
- Trump 'inclined' to keep ExxonMobil out of Venezuela after CEO response at White House meeting AP News
- Trump threatens to sideline Exxon from Venezuela's oil: 'They're playing too cute’ CNBC
- The oil CEO who stood up to Trump is a follower of the disciplined ‘Exxon way’ and has a history of blunt statements Fortune
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