El País de España
Significant movement in the international oil sector. The United States Office of Foreign Assets Control has lifted sanctions on Venezuelan oil. In a statement released by Washington, the White House authorizes several oil companies to conduct transactions related to oil and gas sector operations.
TL;DR
- The U.S. Office of Foreign Assets Control has lifted sanctions on Venezuelan oil.
- Companies like BP, Chevron, Eni, Repsol, and Shell are authorized to conduct oil and gas transactions in Venezuela.
- Transactions with entities from China, Russia, Iran, Cuba, or North Korea are prohibited.
- U.S. Energy Secretary Chris Wright met with Venezuelan President Delcy Rodríguez to discuss investment.
- The U.S. aims to encourage investment and believes Venezuela will become less risky for business.
- Repsol, present in Venezuela since 1993, may increase investments if conditions are met.
- Venezuela possesses the world's largest crude oil reserves but faces economic challenges and degraded infrastructure.