Post #2281

📰 NEWS | Trump Administration Mandates Venezuelan Oil Royalties, Taxes Be Paid to US-Run Accounts The Trump administration has mandated that all royalty, federal tax and dividend payments from Venezuelan oil production be deposited into accounts managed by the US Treasury, according to updated sanctions guidance published February 18. Since January, Washington has also taken control of Venezuelan crude export proceeds, first directing revenues to a US-administered account in Qatar and now to a US Treasury account. US officials have stated that Caracas must submit a “budget request” to access the funds. At least $500 million of an estimated $2 billion initial arrangement has reportedly been returned to Venezuela. Meanwhile, OFAC’s General License 50A authorizes select Western firms (including BP, Chevron, Eni, Repsol, Shell and France’s Maurel & Prom) to conduct hydrocarbon transactions with PDVSA under specified conditions. Read our full report here 👉🏾https://venezuelanalysis.com/news/trump-administration-mandates-venezuelan-oil-royalties-taxes-be-paid-to-us-run-accounts #2026OilReform#PDVSA #USVenezuelaRelations