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2 weeks ago
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Source: AFP
The United States has revoked respective transnational lipid and state companies' licenses to run successful Venezuela, Caracas said connected Sunday, which had been granted contempt Washington's sanctions against the South American country.
US President Donald Trump is seeking to strangle Venezuela economically successful bid to cripple its person Nicolas Maduro, and announced a week agone 25 percent tariffs connected imports from countries buying Venezuelan lipid and gas.
Venezuela did not specify which companies were affected but French lipid steadfast Maurel & Prom (M&P) said connected Monday that the peculiar licence it had been granted past May had been revoked.
M&P said the US Treasury's Office of Foreign Assets Control (OFAC) had fixed it until May 27 to upwind down its activities successful Venezuela.
"It is M&P's knowing that this enactment is portion of a broader inaugural by OFAC affecting some US and planetary lipid companies operating successful Venezuela nether akin authorisations, pending a imaginable statement betwixt the US and Venezuela arsenic the concern continues to evolve," it said successful a statement.
US energy elephantine Chevron had its licence revoked successful February.
The Wall Street Journal reported connected Saturday that Washington had ordered Global Oil Terminals, owned by tycoon Harry Sargeant III, to cease operating successful Venezuela.
Spanish lipid elephantine Repsol, Italian state shaper Eni and India's Reliance Industries are besides expected to beryllium deed by the US licence revocations.
Chevron produces immoderate 220,000 barrels per time (bpd), Repsol astir 65,000 and M&P astir 20,000, according to experts.
"I privation to pass you that we person maintained fluid connection with the transnational lipid and state companies operating successful the country, and that they person been notified successful caller hours by the US authorities astir the revocation of their licenses," Venezuelan Vice President Delcy Rodriguez said successful a connection connected Telegram connected Sunday.
"We were prepared for this concern and we are acceptable to proceed honoring contracts with these companies," she said.
Companies that interruption the US lipid embargo and different directives could beryllium sanctioned by the United States.
Chevron's revoked licence had been granted by erstwhile US president Joe Biden and allowed the institution to run contempt sanctions. Other companies had received akin licenses.
Trump, who had initially fixed Chevron until April 3 to unopen down its operations, extended it until May 27.
The United States and galore different countries bash not admit past year's assertion of triumph by Maduro successful elections helium is accused of having stolen.
Venezuela's lipid production, which exceeded 3 cardinal bpd 25 years ago, is astir 1 cardinal bpd today, having fallen to little than 300,000 astatine its worst.
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Source: AFP
