Trump Team Withholds Venezuelan Oil Approval for Non-US Majors

(Bloomberg) – Trump administration, the approval of several Western oil major who wants to operate in Venezuela, Chevron Corp.’s Chevron Corp. is allowed to work there.

The pause focuses on non -US companies, and companies, including Spain’s Repsol Sa, Italy’s SPA and Maurel & Prom in Limbo in France, are people who want anonymity because the issue is special. Authorities underline a sensitive balancing action in Washington as rival geopolitics weigh financial and energy. Last month, the Treasury department approved Chevron to continue to produce and export Venezuelan oil.

President Donald Trump has a difficult attitude towards Maduro, but even if Iran puts pressure on the end of the nuclear program and the end of Russia’s war in Ukraine, trying to keep a cover on energy prices. At the end of last month, the Treasury department imposed its most comprehensive sanctions on Tehran in seven years.

Washington’s policy of Venezuela oil has been dramatic in the past months since Trump’s return, Foreign Minister Marco Rubio supported a more open strategy for the commercial interests of the United States, while defending a hawk approach.

The Ministry of Treasury refused to comment immediately and did not respond to the requests of the Ministry of Foreign Affairs and the White House National Security Council. Repsol did not respond to the requests for commentary and Maurel & Ball.

-There is help from Daniel Flatley.

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