Valero, Phillips 66 buy Venezuelan crude cargoes under US deal with Caracas. File/Reuters
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Firstpost30-01-2026, 09:07

Trump Officials Grant Venezuelan Oil Deals to Firms with Bribery Pasts

  • Trump administration officials awarded Venezuelan oil sale contracts to Vitol and Trafigura, firms previously implicated in bribery schemes.
  • The confidential licenses were granted after the Trump administration reportedly gutted the Justice Department's foreign corrupt practices unit.
  • The deal allows Vitol and Trafigura to buy millions of barrels of Venezuelan oil, previously blocked by US sanctions, following the ousting of Nicolás Maduro.
  • Court documents reveal a Vitol trader donated $6 million to Trump's political committees, and both firms have faced significant penalties for bribery.
  • Vitol claims enhanced anti-corruption compliance, while Trafigura states it's facilitating sales at the US government's request.

Why It Matters: Trump officials approved Venezuelan oil deals with firms previously tied to bribery, raising transparency concerns.

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