Following the announcement of the temporary relief of sanctions imposed by the United States on the Venezuelan energy industry, Venezuela’s President Nicolás Maduro said the country is entering the oil and gas market with renewed strength.
It has to do with the issuance of four general licenses to suspend certain sanctions imposed on selected sectors.
“Venezuela, with these agreements and these decisions that have been taken, enters with strength again the oil and gas market in a progressive manner,” President Maduro said in a speech.
The president of the National Assembly, Jorge Rodríguez, who heads the Venezuelan delegation in the negotiations, informed that the licenses granted refer to activities of production and sale of oil and gas for and from Venezuela, to the mining sector, especially gold, to the trading of bonds, as well as to commercial licenses of Venezuelan companies in the U.S.
