# Venezuelan Oil Revenue: US Report Details $12bn in Sales

- Link: https://the-timenews.com/venezuelan-oil-revenue-us-report/
- Published: 2026-11-12T21:00:56+00:00
- Author: The Time News

More than $12bn collected from sales of natural resources in Caracas moved through
American government accounts over nine months this year, yet the public still cannot
see who ultimately received the bulk of the cash. The State Department revealed 
those figures on Thursday in a 53-page accounting of Venezuelan oil revenue handled
by Washington since American forces captured Nicolas Maduro.

The disclosures show how directly the White House took charge of Venezuela’s financial
lifelines after removing its leader. Instead of cutting off the resource trade, 
Washington assumed control over who buys the commodities and where the proceeds 
flow, turning natural resource exports into a managed financial pipeline.

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For ordinary citizens in Venezuela and taxpayers in the United States, the report
provides the first detailed ledger of a wartime economic experiment. Between January
3, 2026, and September 30, 2026, American-run accounts collected $12.26bn from vetted
buyers, leaving just $169m unspent by early autumn.

## Where the $12bn in Venezuelan oil revenue went

Crude oil and refined petroleum accounted for roughly 99 percent of the total money
brought in, though deposits also came from exports of gold, other minerals, and 
agricultural fertilisers. Washington contracted the private accounting firm KPMG
to audit the ledger, which tracked money flowing into offshore and domestic accounts
before heading back southward.

According to the State Department report, the primary purpose of the outflows was
stabilizing the Venezuelan currency. American officials wired the funds to a select
group of Venezuelan banks to stage foreign exchange interventions. Those institutions
sold American dollars on local markets to soak up excess bolivars and arrest runaway
inflation.

Yet the ledger stops short of full disclosure. The published pages show that about**
$9.4bn went to corporate entities** while another $2.9bn went directly to individuals,
but black ink conceals almost every name.

## How Qatar and the Treasury routed the cash

The paper trail reveals a fast-moving setup assembled immediately after the January
raid in Caracas. American forces seized Nicolas Maduro and his wife, flying them
to New York City to face federal charges of drug trafficking and torture. Days later,
President Donald Trump signed an executive order authorizing dedicated holding vaults
for resource sales.

Washington initially opened an account with Qatar National Bank in January to receive
international payments from vetted buyers. About $500m landed in Doha before managers
disbursed nearly all of it back to authorized entities by the end of that month.

Federal officials then shifted the entire operation to a dedicated Treasury-controlled
account in the United States. That domestic account handled the remaining billions,
acting as the exclusive funnel through which roughly 20 approved commercial depositors
purchased petroleum products.

## Unnamed buyers and redacted bank recipients

Secrecy shrouds both ends of the transaction pipeline. The report blacks out the
names of all 20 depositors who paid into the Treasury-controlled account, leaving
buyers unidentified.

The redactions run equally deep on the receiving end. While the text specifies that
commercial lenders in Caracas used the dollars for currency stabilization, it does
not name the institutions or document which firms and citizens purchased the discounted
greenbacks. Rights advocates argue that without public recipient lists, there is
no way to verify whether the funds reached the broader public or enriched political
insiders.

Maduro’s former vice president, Delcy Rodriguez, took power following his capture
and negotiated the resource agreements that gave Washington a direct stake in export
profits. Those pacts cleared the way for continued pumping and international shipping,
but they left decision-making over Venezuelan oil revenue split between Caracas 
and Washington.

## Oil cash versus democratic promises in Caracas

The money quickly became political fuel in Washington. Trump repeatedly cited the
incoming energy profits on the campaign trail during the run-up to this month’s 
midterm elections, pointing to the deposits as proof of an aggressive foreign policy
paying financial dividends.

Venezuelan rights monitors see a different danger. Activists inside the country 
warn that fixing attention on crude exports risks sidelining the political changes
promised when American troops ousted the previous government. If managing resource
revenue takes precedence over building accountable institutions, democratic reforms
could stall.

Federal prosecutors in New York continue to prepare their criminal case against 
Maduro, while government auditors review the final quarter of resource disbursements
to determine how much money remains in Treasury hands heading into next year.

_Source: [Al Jazeera](https://www.aljazeera.com/news/2026/11/12/us-releases-report-on-12bn-from-venezuelan-oil-mineral-resources)_

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