The Trump Administration closed its first Venezuelan oil sale following its assertive military action in the South American nation, which led to the of President Nicolás Maduro.

A Trump Administration official confirmed the $500 million value of the sale to TIME, adding that additional sales are set to be finalized in the upcoming days and weeks.

“Right after the arrest of narcoterrorist Nicolás Maduro, President Trump negotiated a landmark energy agreement with Venezuela that will benefit both American and Venezuelan citizens,” White House spokesperson Taylor Rogers stated to TIME.

“President Trump’s team is facilitating constructive, ongoing discussions with oil companies ready to make unprecedented investments to repair Venezuela’s oil infrastructure,” she continued. “President Trump is safeguarding our Western Hemisphere from exploitation by narcoterrorists, drug smugglers, and foreign adversaries.”

Details of the sale were first reported by . The outlet also noted that revenue from the deal is held in U.S. government-controlled bank accounts, including one based in Qatar.

Following Maduro’s capture, Trump said the U.S. would until a “proper and judicious transition” of power occurred. He indicated the U.S. would in the South American country. Last week, Secretary of State Marco Rubio announced the U.S. plans to seize and sell , with funds to be disbursed by the U.S. government “in a way that benefits the Venezuelan people—not corruption, not the regime.”

“We’ll have our massive U.S. oil companies—some of the largest in the world—enter the country, spend billions to fix the severely damaged oil infrastructure, and start generating revenue for the nation,” the President said earlier this month.