The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a new license Tuesday authorizing the export and sale of U.S. diluents to Venezuela. Diluents are a key fuel needed to produce exportable crude oil grades in the OPEC country.
The license is the second issued by the administration of President Donald Trump after the United States took control of Venezuela’s oil exports following the January 3 U.S. law enforcement operation in Caracas that led to the capture of socialist dictator Nicolás Maduro.
Tuesday’s license authorizes export and sale operations of U.S.-made diluent to Venezuela, a key supply for the…
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