US EditionUS Licenses Chevron, BP, Shell, Eni and Repsol to Resume Operations in Venezuela | The Middle East Observer
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US Licenses Chevron, BP, Shell, Eni and Repsol to Resume Operations in Venezuela | The Middle East Observer
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has issued new general licenses allowing several major international energy companies to resume oil and gas operations in Venezuela, in one of the most significant adjustments to U.S. sanctions policy on the country’s energy sector in years. The move follows sweeping legal reforms in Venezuela’s […]
The trip of US Secretary of Energy Chris Wright this week to Venezuela and the relaxation of U.S. restrictions for foreign oil companies to operate in the Caribbean country has opened a new phase in the reopening of the Venezuelan hydrocarbon market agreed by Washington and Caracas. The week has been a turning point in terms of the framework agreed by both parties for the oil sector after the US military operation that captured and overthrew the…
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