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Report on Venezuela Custody Account Operations, January to September 2026
Published by KPMG, authorized for public release by the State Department on November 12, 2026.
KPMG's report on the U.S.-controlled Venezuela account, made public November 12
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… received deposits totaling more than $12.26 billion from verified and approved entities engaging in authorized activities related to Venezuelan natural resources. While crude oil and petroleum-related deposits represented the largest source of inflows, the account also received approved deposits associated with gold, mineral, and fertilizer transactions. Of the total amount, $12.11 billion (98.7%) was disbursed from the Venezuela Custody Account,while $168.56 million remained in custody as of September 30, 2026, for future authorized disbursements pursuant to requests by the BCV on behalf of the interim Government of Venezuela. The figure below demonstrates the scale of the framework, the movement of funds through controlled financial channels, and the oversight mechanisms established to promote transparency, accountability, and stewardship of Venezuelan natural resource revenues. 7|Page --- <!-- page 9 --> …
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- A Vance backer got the call to market Venezuela's oil, with no tender · cited for How much came in, from how many depositors, and how much went back
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Timeline entries this record anchors: KPMG's account report made public.