The U.S. is set to lift some sanctions on Venezuela's oil industry as the Trump administration continues to take steps to control the country's sector following the capture of authoritarian President Nicolas Maduro, according to a new report.
The goal is facilitating a $2 billion supply deal between Caracas and Washington, as well as a $100 billion reconstruction plan, according to Reuters. Several partners and companies of Venezuela's state-run oil company PDVSA have applied for individual licenses to expand their output and exports, the outlet noted.
