Washington, United States, Jan 29, 2026 (AFP) - US eases sanctions on Venezuela oil industry

NAMPA / AFP

2026-01-30

The US Treasury Department on Thursday eased sanctions on Venezuela's oil sector, as the Trump administration looks to ramp up investment and production in the country after toppling its leader Nicolas Maduro. The department issued a general license allowing transactions that involve Venezuela's government and state oil firm PDVSA "ordinarily incident and necessary to the lifting, exportation, reexportation, sale, resale, supply, storage, marketi......

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