U.S sanctions lifted for Dragon Gas field in Venezuela

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U.S sanctions lifted for Dragon Gas field in Venezuela

Prime Minister Dr Keith Rowley announced that Trinidad and Tobago has been granted approval by the United States government to import  natural gas from Venezuela.

Dr. Rowley made the announcemt on Tuesday January 24th that, the U.S. Treasury Department has granted a license to Trinidad and Tobago to develop a major gas field located in Venezuelan territorial waters, a senior Biden administration official said on Tuesday, marking a further easing of some sanctions on Venezuela.

The license, issued at Trinidad’s request and intended to enhance Caribbean regional energy security, means the island nation can resume doing business related to the Dragon gas field with Venezuela’s heavily sanctioned state-run oil company PDVSA.

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