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The reluctance of major U.S. oil firms to invest in Venezuela due to legal and security concerns.
has overseen the first and is holding at least some proceeds in bank accounts outside the U.S., with the principal account reportedly located in where funds can flow with U.S. approval and limited sei...
Reporting from multiple outlets shows that proceeds from the first confirmed sale of seized Venezuelan oil — roughly $500 million — are being held in bank accounts with the largest identified account ...
Smaller independent oil firms and service providers — not the U.S. supermajors — have surfaced as the likeliest near-term actors willing to engage in short-term Venezuela projects, with U.S. officials...