U.S. Returns Over $12 Billion in Venezuelan Oil Proceeds
The United States has returned over $12 billion in proceeds from Venezuelan oil sales since the ousting of then-President Nicolás Maduro, as detailed in a KPMG report. These funds were processed through U.S.-managed accounts under an energy deal aimed at…
Miami Fort Lauderdale, FL, November 12, 2026 — The United States has returned more than $12 billion in funds derived from Venezuelan oil sales. This action follows the ousting of former President Nicolás Maduro.
According to details provided in a report by KPMG, the significant sum was processed through accounts managed within the United States. These accounts were established as part of an energy deal.
The primary objective of this energy deal was to allocate resources towards supporting infrastructure projects and humanitarian needs within Venezuela. The report indicates that some of these disbursed funds were directed as payments to various entities, including a law firm based in Miami.
Specific details regarding the timeline of these returns, the exact allocation of funds, or further specifics about the Miami-based law firm were not provided in the summary. The financial figures and the stated purpose of the energy deal represent the extent of the information available.
The KPMG report serves as the primary source documenting the scale of these returned proceeds and the mechanism through which they were managed and distributed. The focus of the disbursements was directed towards critical areas such as infrastructure development and humanitarian assistance for Venezuela.
Story summarized from the original created by By MATTHEW LEE and JOSHUA GOODMAN, Associated Press on www.local10.com, see more information here.
