HOUSTON, March 29 (Reuters) - The U.S. government has
notified foreign partners of Venezuela's state oil company PDVSA
of the imminent cancellation of authorizations that allow them
to export Venezuelan oil and byproducts, sources close to the
decision by President Donald Trump's administration said on
Saturday.
In recent years, former President Joe Biden's administration
granted the authorizations to secure Venezuelan oil supplies to
refineries from Spain to India as exceptions to the U.S.
sanction regime on the South American country.
The companies that had received licenses and comfort
letters from Washington include Spain's Repsol, Italy's
Eni, France's Maurel & Prom, India's Reliance
Industries and U.S. Global Oil Terminals.
Most
companies
had already suspended imports of Venezuelan oil following
Trump's imposition this week of secondary tariffs to buyers of
Venezuelan oil and gas, according to sources and vessel tracking
data.
Repsol, Eni, Maurel & Prom, Reliance and the U.S. State
and Treasury departments did not immediately reply to requests
for comment. Global Oil could not be reached for comment.
Last month, Trump said a key license to U.S. producer
Chevron ( CVX ) to operate in Venezuela and export crude to the
U.S. would be canceled. Days later, the U.S. Treasury Department
ordered the company to wind down operations, and last week
extended the deadline to May 27.
The withdrawal of the most important U.S. license for
Venezuela's energy industry had sent a signal of Washington's
change of policy towards Venezuela as Trump's government curbs
migration, with special focus on Venezuelans illegally in the
U.S.
It was not immediately clear if all PDVSA foreign
partners were given the same deadline of May 27 to wind down
operations.
U.S. Secretary of State Marco Rubio said this month that
foreign companies in Venezuela would receive new guidance.
Venezuelan President Nicolas Maduro, whose 2024
re-election was not recognized by Washington, has criticized the
sanctions, saying they amount to an "economic war."