12-February-2026
Corporate News
 
US Issues License Facilitating Oil, Gas Exploration and Production in Venezuela
11-Feb-2026

The U.S. Treasury Department on Tuesday issued a general license to facilitate the exploration and production of oil and gas in Venezuela, a long-awaited step that could help increase output in the country. Washington has relaxed sanctions on Venezuela's energy industry since U.S. forces captured President Nicolas Maduro in early January. It previously granted several general licenses to facilitate oil exports, storage, imports and sales from Venezuela.

News Source:- https://money.usnews.com/investing/news/articles/2026-02-10/us-issues-license-authorizing-oil-gas-exploration-and-production-in-venezuela-treasury-says