Trump and top appointees like Energy Secretary Chris Wright have been blunt in characterizing Washington as a party controlling Venezuela's oil resources,
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Firstpost14-02-2026, 07:57

Trump Plans Venezuela Visit as US Eases Oil Sanctions, Grants Licenses to Energy Firms

  • US President Donald Trump announced plans to visit Venezuela, with no fixed date, following eased oil sanctions.
  • The Treasury Department granted general licenses to BP, Chevron, Eni, Repsol, and Shell for oil and gas operations in Venezuela.
  • Payments for oil and gas royalties must go to US Treasury-designated accounts, aligning with US control over Venezuelan assets.
  • Energy Secretary Chris Wright visited Caracas, stating the US oil embargo on Venezuela is "essentially over" and called for increased production.
  • Over six tons of medical supplies were sent to Venezuela, and interim leader Delcy Rodriguez was praised for cooperation.

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