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Wednesday, February 11, 2026

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US completes first sale of Venezuelan oil worth €430 million

The United States completed its first sale of Venezuelan oil this Wednesday, valued at $500 million (approximately €430 million), less than two weeks after the US military intervention that resulted in around one hundred deaths and the capture of Venezuelan President Nicolás Maduro.

This is the first US sale of Venezuelan crude oil, a development reported by multiple US media outlets, including CNN and Fox Business. The news website The Hill, citing a White House source, indicated that additional sales are expected in the coming days and weeks.

Although the Donald Trump administration, which is pursuing a plan to rebuild the Venezuelan oil industry and exploit the Caribbean country’s reserves with US companies, has not officially provided details of the transaction, the economic news website Semafor reported, citing a senior government official, that the main account receiving the proceeds is located in Qatar.

This past Monday, the Republican magnate indicated that 50 million barrels of oil were on their way to the United States. In those remarks, he emphasized that he was “working very well with Venezuela,” now led by its interim president, Delcy Rodríguez, with whom he had a “very positive” phone call this Thursday. Following the call, he stated that they are making “significant progress” toward the “stabilization” of the country.

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