US Treasury allows some Venezuela oil and gas deals to continue

The US Treasury Department has published four general licenses that allow certain oil and gas operations in Venezuela to proceed. These licenses permit specific transactions that would otherwise be blocked by US sanctions.

US sanctions on Venezuela have largely cut off its oil and gas sector from international markets. These licenses create narrow exceptions, allowing some foreign companies to continue limited operations. This means a few specific actors can keep doing business in a highly restricted environment, potentially stabilizing some energy flows.