Trump Revokes Oil Majors’ Gas Project Licenses Offshore Venezuela ...Middle East

The Trump Administration has revoked licenses for supermajors Shell and BP and their partners to operate natural gas projects offshore Venezuela that plan to send gas to Trinidad and Tobago, the Caribbean island’s Prime Minister Stuart Young has said. Since taking office in January, U.S. President Trump has started to tighten the screws on Venezuelan oil industry and exports, revoking Chevron’s license and the licenses of the European firms to export crude from the South American country, which holds the world’s largest…

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