Tag: venezuela sanctions

Reliance gets US nod to resume Venezuelan oil imports, Bloomberg News reports

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Reliance gets US nod to resume Venezuelan oil imports, Bloomberg News reports

The logo of Reliance Industries | Photo Credit: Reuters Reliance Industries has received approval from the United States to resume importing oil from Venezuela, Bloomberg News reported on July 24, citing people aware of the development. The nod comes months after the refiner resubmitted a license request to the U.S. to import crude oil from…

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Business

What has caused the recent thaw in U.S.-Venezuela ties? | Explained

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What has caused the recent thaw in U.S.-Venezuela ties? | Explained

María Corina Machado speaks to the press in Caracas, Venezuela on October 24. | Photo Credit: AP The story so far: Maria Corina Machado has won a huge victory in the October 22 Venezuelan opposition primary. The Biden administration, just days earlier, had agreed to ease years-long brutal sanctions against the country’s oil, gas and…

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World

U.S. to ease Venezuela oil, gas sanctions after election deal

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U.S. to ease Venezuela oil, gas sanctions after election deal

The United States will ease some oil and gas sanctions against Venezuela after the South American country’s government and opposition agreed to hold elections next year. In response to those “democratic developments,” the U.S. Treasury Department “has issued General Licenses authorizing transactions involving Venezuela’s oil and gas sector and gold sector,” and is “removing the…

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World