Venezuela and the U.S. have progressed in talks that could provide sanctions relief to Caracas by allowing at least one additional foreign oil firm to take...
FILE PHOTO: Cutouts depicting images of oil operations are seen outside a building of Venezuela's state oil company PDVSA in CaracasCARACAS/DOHA/HOUSTON - Venezuela and the U.S. have progressed in talks that could provide sanctions relief to Caracas by allowing at least one additional foreign oil firm to take Venezuelan crude oil for debt repayment if President Nicolas Maduro resumes negotiations with the opposition in Mexico, five sources said.
Among the companies that could get a U.S. comfort letter to take Venezuelan oil as debt repayment this time is one of state-run PDVSA's joint venture partners Maurel & Prom, two of the sources said. "Should Venezuela take concrete actions toward restoring democracy, leading to free and fair elections, we are prepared to provide corresponding sanctions relief," a White House spokesperson said last week. "At this time, Venezuela has not taken the necessary steps, and our sanctions remain in effect.
The proposal included reframing oil sanctions on Venezuela by amending existing U.S. executive orders or issuing new ones so buyers in Europe and other regions could resume imports of Venezuelan oil in a structured, organized way. Repsol and Eni got U.S. comfort letters last year, which have allowed them to resume imports of Venezuelan crude as a way to get debt repaid.The GOP candidate's failure to condemn the former president's attack on retired Gen. Mark Milley is an ominous sign for America, explained Ruth Ben-Ghiat.
A video shows the Israeli Navy blasting Hamas motorboats as they raced toward the coast, killing dozens, says the IDF Russia is fitting Soviet-era bombs with gliding propellers and guidance systems. Some gliding bombs weigh as much as 3,300 pounds, Forbes reported.Ukraine’s support of Israel amid tensions with Palestine raises concerns of West’s ‘hypocrisy’
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