Money from sale of Venezuelan oil to be held in US-controlled bank accounts, Energy Dept says
- - Money from sale of Venezuelan oil to be held in US-controlled bank accounts, Energy Dept says
ReutersJanuary 8, 2026 at 1:32 AM
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A person reflects in the window of the U.S. Department of Energy, with the official portrait of U.S. President Donald Trump on the wall, following a partial government shutdown in Washington, D.C., U.S., October 2, 2025. REUTERS/Nathan Howard
WASHINGTON, Jan 7 (Reuters) - The U.S. has begun marketing Venezuelan oil and all proceeds from its sale will initially settle in U.S.-controlled accounts at globally recognized banks, the Department of Energy said in a statement released on Wednesday.
"We have engaged the world’s leading commodity marketers and key banks to execute and provide financial support for these crude oil and crude products sales," the department said.
(Reporting by Megan Davies; Writing by Katharine Jackson; editing by Costas Pitas)
Source: “AOL Money”
