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From: Denc 🗡
March 18 (Reuters) - The U.S. issued a waiver on Wednesday broadly authorizing U.S. companies to do business with Venezuela’s state-run oil company PDVSA, a key step that could secure investment and, in the longer-term, increase the country’s crude production capacity. Washington has been easing sanctions on Venezuela since U.S. forces captured President Nicolas Maduro in January, with the U.S. government taking control of the OPEC country’s oil sale proceeds through a fund. The general license issued by the Treasury Department does not remove all sanctions on PDVSA - in force since 2019 - but is a bold step called for by interim President Delcy Rodriguez to reactivate the company’s core operations and boost sales after a strict U.S. oil blockade knocked down output and exports. It also follows a law reform approved in late January to encourage investment.

Current Thread	Author	Time
It might have been smarter than we thought. Get rid of the bad guy in Venezuela , ... [more]	Denc 🗡	16:15:32
>> Hasn't actually done regime change yet in Venezuela has he?	JonH🍕	20:36:24
>> Wants to hurt China. US worried when China & the BRICS started to move away from the $$$....[more]	Free Thinking Doggie	17:52:55
>> Trump says India will start buying oil from Venezuela ‘as opposed to Iran’...[more]	Denc 🗡	16:17:47
>> Could be that Trump will now blow up the entire Iranian oil industry to keep ... [more]	Denc 🗡	16:28:14
>> No one is really interested in turning Iran into a democracy. Cut off their ... [more]	Denc 🗡	16:33:56
>> Their last revolt was about economics not about principle.	Denc 🗡	16:35:27
>> Iran currently providing the excuse to destroy their oil industry. All ... [more]	Denc 🗡	16:37:31
>> Iran produces about 2% of the worlds supply and Venezuela is now up to 1%	Denc 🗡	16:46:47
>> But so much of that goes to Cuba and China…	Hamsterwheel	16:47:52
>> Where it all goes.	Denc 🗡	16:50:10
>> The reported blackout in Cuba may have been cos they had no oil	Denc 🗡	16:53:28
>> As I posted here.	Free Thinking Doggie	18:03:17
>> But which massive American companies would supply all the equipment to ... [more]	Hamsterwheel	16:40:15
>> Chevron is number 1 Venezuela. After Maduro went they changed the laws ... [more]	Denc 🗡	16:48:20
>> March 18 (Reuters) - The U.S. issued a waiver on Wednesday broadly ... [more]	Denc 🗡	16:51:11
>> I do hope Trump knows that Red Adair is extinguished	Hamsterwheel	16:41:01

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