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U.S.-Controlled Venezuelan Oil Revenue: Tracing the $13 Billion Gap

Year: 2026

Type: article

Abstract: Since seizing control of Venezuela's oil exports in January 2026, the Trump administrationhas collected more than $13 billion** in revenue from Venezuelan crude sales. Yet the official Venezuelan tracker records only **one transfer of $300 million. The State Department claims roughly $3 billion has been sent, but a promised independent audit by KPMG has never been made public. Congressional oversight requests from both parties have gone unanswered. Meanwhile, Venezuela is struggling to recover from June earthquakes that caused an estimated **$14.8 billion in damage and losses**, with recovery needs estimatedat up to **$21 billion**. This paper traces the documented facts, the contradictory official statements, and the legislative responses to the missing $13 billion.

Source: Zenodo (CERN European Organization for Nuclear Research)

DOI: 10.5281/zenodo.23994508

Authors: Taalabi, M., LLM-DIPLOMAT, Team

Language: English

Topic: Economic Sanctions and International Relations

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: green

OpenAlex ID: W7225420558

FWCI:

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Related to: 10