The United States has completed its first sale of Venezuelan crude oil, marking a major step in Washington’s effort to tap into the South American nation’s vast energy resources. Officials said the initial sale was worth about $500 million, with more sales expected in the coming days and weeks.

This move follows recent political developments in Venezuela, where U.S. forces captured President Nicolás Maduro earlier this month, paving the way for a new government. President Donald Trump has said the U.S. plans to encourage significant private investment to rebuild Venezuela’s oil industry, estimating up to $100 billion could be invested though experts have raised questions about the feasibility of such plans.

U.S. energy executives have expressed caution about investing in Venezuela, citing legal and financial uncertainties. Despite this, White House officials stated that discussions with oil companies are ongoing, with some companies showing interest in contributing to the recovery of the country’s energy infrastructure.

Reuters reported that Venezuelan crude is being offered at a discount compared to other international oils, including Canadian crude, making it potentially attractive to traders. Proceeds from the first sale are reportedly being held in accounts under U.S. control in Qatar.