U.S. Issues License for Oil Companies to Operate in Venezuela

A new license granting U.S. oil companies expanded access to operate in Venezuela was issued Thursday by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC).

OFAC’s new license comes at a time when the Venezuelan socialist regime’s lawmakers approved a sweeping reform package to the nation’s notoriously strict hydrocarbons law, ending decades’ worth of socialist restrictions on the nation’s oil industry.

The United States took control of Venezuelan oil exports earlier this month following the January 3 U.S. law enforcement operation in Caracas that led to the captured of socialist dictator Nicolás Maduro and his wife…

Read the full article at BREITBART.COM