October 20, 2023–Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)–On Wednesday, the U.S. Treasury temporarily lifted sanctions on Venezuela’s oil, gas and mining sectors. This new license will last six months and follows months of negotiations between government officials and a deal between the Venezuelan administration and the opposition for political guarantees.

Washington imposed energy sanctions on Venezuela in January 2019, restricting the country’s access to international oil markets and impacting investments and production.

Companies featured: Chevron Corporation (NYSE:CVX)

Login to Read More