"Venezuelan banks will get $300 million of oil money to sell on exchange market, sources say", 16 January 2026

...Four Venezuelan banks ​were notified this week by the country's government that they will split $300 million of oil revenues ‌deposited in an account in Qatar, enabling them to sell dollars to Venezuelan companies that need foreign exchange to pay for materials, two financial sources and an analyst said. The injection of foreign capital comes after weeks of tightening supplies of dollars, as the U.S. seized Venezuelan oil tankers and hit the country's top revenue flow...

An industry source familiar with the plan said the main account for the transactions was located in Qatar. Part of the ‌revenue ‌will go to social projects and infrastructure, Rodriguez said on Thursday, as she submitted a proposed reform of the hydrocarbons law, aimed at boosting oil investment, to the country's legislature. Authorities on Thursday told the four local financial institutions, all with correspondent banks outside the country, that they will receive about $75 million each in the coming days from oil ⁠income, the two sources said. The ⁠dollars can then be ​sold to companies within Venezuela under central bank guidelines, the sources added.

Neither the finance ministry nor the central bank responded to requests for comment...