New York, Jan. 15 -- The United States has made its first sale of Venezuelan oil valued at USD 500 million, according to the Donald Trump administration, as reported by the New York-based news outlet Semafor.

The development comes following the capture of Nicolas Maduro, the former leader of the South American country 11 days ago. Following this, Trump said that US is taking control of Venezuela's oil reserves and recruit American companies to invest billions of dollars to refurbish the country's gutted oil industry, CNN had reported,.

Trump had, on January 9 (local time) signed an executive order providing details on how his administration plans to block US courts or creditors from seizing any revenue that the US collects from Venezuel...