JAKARTA - The United States (US) has allowed transactions related to the drilling, purchase, sale, and export of Venezuelan oil for entities registered in the country.
The US Department of the Treasury document, quoted by RIA Novosti, states that all transactions previously prohibited under the Venezuela Sanctions Regulations (31 CFR part 591/VSR), including those involving the Government of Venezuela, Petróleos de Venezuela S.A. (PdVSA).
The authorization is also granted to other entities directly or indirectly owned by PdVSA with a 50 percent or more ownership, as long as the transaction is related to the lifting, export, re-export, sale, resale, supply, storage, marketing, purchase, shipment, or transportation of oil originating in Venezuela.
The permit also covers oil refining processes by established US entities.
On January 3, the US launched a large-scale attack on Venezuela by arresting Venezuelan President Nicolas Maduro and his wife, Cilia Flores, and transporting them to New York.
US President Donald Trump said Maduro and Flores would be tried for alleged involvement in drug-related terrorism and considered a threat, including to the US.
During the trial in New York, Maduro and Flores pleaded not guilty to all charges.
On January 7, Trump said Venezuelan interim authorities had agreed to hand over 30 to 50 million barrels of oil to the US. He also promised to use funds obtained from the deal for the benefit of the people of both countries.
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