The US eased sanctions on Venezuela’s energy sector on Friday, issuing two general licences that allow global energy companies to operate oil and gas projects in the Opec member and for other companies to negotiate contracts to bring in fresh investments.
The Treasury Department’s Office of Foreign Assets Control issued a general licence allowing Chevron, BP, Eni, Shell and Repsol to operate oil and gas operations in Venezuela. Those companies still have offices in the country and stakes in…
