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The U.S. is considering issuing restricted licenses to some oil companies that are already operating in Venezuela, allowing them to bring Venezuelan oil to market despite sanctions.
Venezuela's oil production increased to an average of 783,000 barrels per day in 2023, marking a 9.3% rise from 2022, driven by resumed operations and international partnerships.
Investigations by the NGO Global Witness have brought up that Europe is has increased its purchase of Russian liquefied natural gas (LNG).
European corporations could be investing in Venezuela’s natural gas, and changing both business and politics.
The United States gives free rein for European oil companies to operate in Venezuela again, which means a small victory for Nicolás Maduro