The United States government has granted a six-month license that will allow transactions to take place in the energy sector of Venezuela, one of the members of the Organization of the Petroleum Exporting Countries (OPEC). This decision came after a deal was struck between the two nations after months of negotiations. This move is expected to have a significant impact on the energy sector as it paves the way for increased trade between the countries.
1. The United States government has granted a six-month license allowing transactions in Venezuela's energy sector.
2. This decision follows a deal between the United States and Venezuela after months of negotiations.
3. The license aims to alleviate shortages of fuel and diesel that are severely impacting the Venezuelan economy.
4. American companies can now engage in transactions with Venezuela's energy sector, which is expected to increase trade between the two countries.
5. This move is expected to provide much-needed relief to Venezuela's struggling population.
The United States' six-month license allows for transactions in the energy sector of Venezuela, potentially leading to increased trade between the two nations.
The United States issued a six-month license authorizing transactions in Venezuela's energy sector, an OPEC member, after a deal was reached between the two countries. This move aims to alleviate the severe shortage of fuel and diesel that has been crippling the Venezuelan economy. With this license, American companies can now engage in transactions with Venezuela's energy sector, providing much-needed relief to the country's struggling population.