New Delhi, Nov. 13 -- In a report released Thursday by the State Department, the accounting firm KPMG said the sales of Venezuelan crude, along with minor amounts of gold, minerals and fertilizer, produced $12.26 billion. Almost all of the money has been returned to Venezuela under the terms of a broad energy deal reached with the country's interim authorities, according to the report.

As of Sept. 30, the end of the 2026 budget year, $168.6 million remained in an escrow account managed by the U.S. Treasury Department, the report said.

Under the terms of the deal, Venezuelan crude is sold on the open market, with proceeds going into the U.S.-managed account. Venezuelan officials then seek approval for those funds to be returned to the co...