US EditionUS Issues License for Oil Companies to Operate in Venezuela
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9 Articles
Times of India
US issues license for oil companies to operate in Venezuela
The Trump administration has eased sanctions on Venezuela. A new license allows US oil companies to export, sell, store, and refine Venezuelan crude. This move aims to revive Venezuela's oil sector. However, restrictions apply, including a ban on transactions with Chinese-tied entities. The US will control future sales and hold proceeds.
30-01-26.-The United States announced on Wednesday January 7 the indefinite control of the sale of Venezuelan oil. Hours earlier, its Army captured in the North Atlantic an oil tanker with a Russian flag linked to Venezuela, and recently renamed as 'Marinera', after a persecution of...
Reading time approx.: 1 minutes, 19 secondsThe license, issued by the U.S. Treasury Department, covers a variety of activities that could accelerate Venezuelan crude flows, including the export, sale, storage and refining of the country's oil.The Trump administration issued a general license that expands the ability of oil companies to operate in Venezuela, which is a significant step to alleviate sanctions under the new U.S.-backed leadership i…
The US has issued new licenses to oil companies to operate in VenezuelaThe US has issued licenses to oil companies to resume production in Venezuela. The decision is aimed at stabilizing energy prices and returning Venezuelan oil to the markets.
U.S. Treasury Department license covers a variety of activities that could accelerate Venezuelan crude flows
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