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Venezuela: First Oil Sale to US Completed for $500M

Published January 15, 2026, 18:13
Venezuela: First Oil Sale to US Completed for $500M

The United States has completed its first sale of Venezuelan oil, the first since taking control of the sector following the arrest of ousted President Nicolás Maduro, an American official announced. The sale generated $500 million. Taylor Rogers, a White House spokesperson, said the deal would benefit the people of the US and Venezuela. Trump announced that Venezuela would deliver 30-50 million barrels of oil to the US, with the revenue controlled by him. He is also urging oil companies to invest in the country's reserves and has signed a decree protecting Venezuelan assets in the US.