Existing Foreign Oil Producers in Venezuela May Get Licenses Despite Sanctions

After reestablishing sanctions against Venezuela, Washington is gearing up to issue restricted licenses to certain companies that already have oil-producing operations in the country, Reuters said in an exclusive report on Thursday, citing two unnamed sources close to discussions.  According to Reuters’ sources, priority will be given to those already operating in Venezuela, including Chevron, Spain’s Repsol, Italian Eni, French Maurel & Prom, and Shell, all of whom have existing oil production in Venezuela. At the same time,…