Venezuela oil sector hit by loss of its widest US license ...Middle East

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Venezuela oil sector hit by loss of its widest US license
source : Devdiscourse ( Middle East ) () 117
Venezuela's loss of a key U.S. license that allowed it to freely export and increase investment in its oil sector will hit the volume and quality of its crude and fuel sales while prompting a flurry of requests for individual U.S deal authorizations. U.S. officials had warned that absent progress by President Nicolas Maduro on implementing an electoral roadmap agreed last year, the U.S. would not renew license 44, which since October had eased oil sanctions in place for the last five years.

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