U.S. partially lifts Venezuela sanctions, opening doors for oil exports
U.S. eases some Venezuela oil sanctions, opening trade for American firms
WASHINGTON — The Trump administration has lifted some sanctions on Venezuela’s oil industry to make it easier for U.S. companies to move and process the country’s crude, even as broader restrictions on production remain in place, according to the Treasury Department.
The Treasury’s Office of Foreign Assets Control issued a general license authorizing U.S. entities to buy, sell, transport, store and refine Venezuelan-origin oil. The measure is intended…