US clears named oil companies to return to Venezuela but still holds the industry on a tight leash

Enduringly ‘cold’ relations between Washington and Caracas do not appear, at this time, to be impeding the United States’ preparations to commence the process for the issuing of limited licenses to oil companies possessing existing oil production and assets in the country over those now seeking to enter the country’s oil sector for the first time, according to a May 16 Reuters report.

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