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International Business Times
International Business Times
Business

Venezuela Says US Revoked Transnational Oil, Gas Company Licenses

MP United States Oil Venezuela Chevron Donald Trump Nicolas Maduro Washington D.C. Caracas OFAC
Venezuela says the United States has revoked several transnational oil and gas companies' licenses to operate in the country (Credit: AFP)

The United States has revoked several transnational oil and gas companies' licenses to operate in Venezuela, Caracas said on Sunday, which had been granted despite Washington's sanctions against the South American country.

US President Donald Trump is seeking to strangle Venezuela economically in order to cripple its leader Nicolas Maduro, and announced a week ago 25 percent tariffs on imports from countries buying Venezuelan oil and gas.

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