Venezuela, energy secretary and president
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By Timothy Gardner WASHINGTON, Feb 13 (Reuters) - The U.S. eased sanctions on Venezuela's energy sector on Friday, issuing two general licenses that allow global energy companies to operate oil and gas projects in the OPEC member and for other companies to negotiate contracts to bring in fresh investments.
MAIQUETIA, Venezuela (AP) — A shipment from the United States of medicine and medical supplies arrived in Venezuela on Friday, reflecting a new spirit of cooperation between the two countries following the stunning capture last month of then-President Nicolás Maduro.
The General Licenses and guidance issued by OFAC are part of a rapid recalibration of US sanctions on Venezuela. Companies doing business in or considering doing business in Venezuela’s energy sector should carefully monitor these developments and understand the compliance expectations they create.
US Department of Defense says Aquila II was intercepted after defying the Trump administration's blockade of oil shipments to and from Venezuela.View on euronews
The Treasury Department issues General License 49 and General License 50; General License 49 authorized the negotiation of and entry into contingent contracts for certain investments in Venezuela and General License 50 allowed transactions related to oil or gas sector operations in the South American country.
As the US Treasury Department's Office of Foreign Assets Control (OFAC) eased restrictions allowing energy companies to operate in Venezuela’s oil sector this afternoon, Prime Minister Kamla Persad-Bi
Energy Secretary Chris Wright is one of the highest ranking American officials to visit Venezuela in nearly 30 years, marking warmer ties between Washington and Caracas.
U.S. charge d’affaires Laura Dogu has arrived in Caracas to reopen the American diplomatic mission in Venezuela after seven years of severed ties.
US Energy Secretary Chris Wright was in Venezuela for talks with acting president Delcy Rodriguez and oil industry executives on harnessing the country's vast reserves of crude.