The U.S. government is planning to issue a general license allowing companies to pump oil in Venezuela as part of a plan to ease sanctions and rebuild the nation’s energy industry, Bloomberg’s Patricia Garip, Eric Martin, Esteban Duarte, and Jennifer A Dlouhy report. The new license could be issued by the Treasury Department as soon as this week and follows a separate general license allowing companies to buy and sell Venezuelan oil. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Shell (SHEL) and TotalEnergies (TTE).
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