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Venezuelan oil sale proceeds no longer routed through Qatar, US energy sec says

ReutersFeb 27, 2026 1:58 PM

- The U.S. Secretary of Energy, Chris Wright, said on Friday that proceeds from sales of Venezuelan oil are no longer being routed through a fund in Qatar, but going directly to accounts handled by the U.S. Treasury Department.

The reroute follows a U.S. executive order issued last month to protect the proceeds from creditors seeking to seize Venezuelan money, Wright told reporters in Texas, as debt pending to bondholders, former business partners and expropriated companies continues accumulating.

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