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US Lifts some Venezuela Sanctions to Ease Oil Sales
The U.S. Treasury authorized limited oil transactions with Venezuela’s PDVSA, excluding rival countries’ firms and maintaining production sanctions, aiming to unlock $100 billion in U.S. investments.
- On Thursday, the U.S. Department of the Treasury's Office of Foreign Assets Control issued a general licence authorising established U.S. entities to trade, transport, store and refine Venezuelan-origin crude, including transactions with Petróleos de Venezuela, S.A. .
- The move reflects a policy shift from previous exemptions after oil producers Chevron, Repsol and ENI and refiner Reliance Industries sought licences in recent weeks and lawmakers in Venezuela approved an oil-law reform following a $2 billion initial export deal in January.
- The licence includes specific carve-outs excluding firms tied to China, Russia, Iran, North Korea, Cuba, barring blocked vessels and forbidding non-commercial payment terms like debt swaps or gold.
- The authorisation could unlock new U.S. investment and ties into a $100 billion reconstruction plan, while an initial 50 million barrels of Venezuelan crude will be marketed by Vitol and Trafigura.
- Looking ahead, the authorisation formalises a production-sharing model introduced by President Nicolás Maduro in recent years, and the White House said it keeps sanctions, would 'help flow existing product', with more easing announcements soon.
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21 Articles
21 Articles
The US has eased sanctions against Venezuela's oil industry.
·Germany
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charter97.orgReposted by 
rbc.ua
rbc.uaThe new regulations take into account sanctions against Iran, Cuba, the DPRK and the Russian Federation.
They started selling it and paying part of the revenues to the scheme, but under precise conditions
·Italy
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Trump administration eases sanctions on Venezuelan oil industry after Maduro’s capture
The U.S. Treasury Department authorized limited Venezuelan oil transactions as the Trump administration moves to expand energy production following Nicolás Maduro’s capture.
·New York, United States
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Coverage Details
Total News Sources21
Leaning Left2Leaning Right4Center4Last UpdatedBias Distribution40% Center, 40% Right
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
40% Right
L 20%
C 40%
R 40%
Factuality
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