Marco Rubio: Venezuelan oil funds now supervised in U.S., not being stolen

U.S. Secretary of State Marco Rubio announced that revenue from Venezuelan oil sales is now under financial oversight in the United States, asserting that corruption networks are no longer siphoning off these funds. During a cabinet meeting led by President Donald Trump, Rubio detailed that the money generated from Venezuelan crude is being deposited into an account managed by the U.S. Department of the Treasury and audited by KPMG.

"That money goes to an account in the United States controlled and monitored by the Treasury, audited by KPMG. For the first time, the money is not being stolen. It’s going to the benefit of the Venezuelan people," Rubio stated. He added that Venezuelan oil is being sold at "market prices," emphasizing that the implemented scheme aims to ensure transparency in managing resources from Venezuela's energy industry.

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For the first time, the money is not being stolen. It’s going to the benefit of the Venezuelan people.

Rubio indicated that since January 3, more than 10 million barrels of Venezuelan oil have been shipped to the United States. He described this as a phase of reorganization and recovery for the oil sector, noting, "That industry is being professionalized for the first time in its history." He defended the financial supervision model applied to these revenues, explaining it is part of a three-phase plan: stabilization, recovery, and transition, designed to restructure Venezuela's energy system and manage funds under international controls.

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That industry is being professionalized for the first time in its history.