US Licenses Chevron, BP, Shell, Eni and Repsol to Resume Operations in Venezuela

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has issued new general licenses allowing several major international energy companies to resume oil and gas operations in Venezuela, in one of the most significant adjustments to U.S. sanctions policy on the country’s energy sector in years. The move follows sweeping legal reforms in Venezuela’s […]