Washington Issues Broad Waiver Reopening Venezuela Oil Sector to U.S. Companies

gcaptain.com - March 18, 2026

Washington Issues Broad Waiver Reopening Venezuela Oil Sector to U.S. Companies

The U.S. issued a waiver on Wednesday broadly authorizing U.S. companies to do business with Venezuela's state-run oil company PDVSA, a key step that could secure investment and, in thelonger-term, increase the country's crude production capacity.

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