The Biden administration has granted a license to Trinidad and Tobago to develop a major gas field located in Venezuelan territorial waters, U.S. and Trinidad officials said on Tuesday, marking a further easing of some sanctions on Venezuela.
The license, issued by the U.S. Treasury Department at Trinidad's request and intended to enhance Caribbean regional energy security, means the island nation can do business related to the Dragon gas field with Venezuela's heavily sanctioned state-run oil company PDVSA.
A senior U.S. official, speaking to Reuters on condition of anonymity, said "the Maduro regime will not be permitted to receive any cash payments from this project" and all remaining U.S. sanctions would be unchanged and enforced. The license follows a round of negotiations in November between Maduro's Socialist government and the opposition, aimed at finding a path to new elections. But Maduro, whose 2018 re-election was widely derided by Western governments as a sham, hasWith Maduro's hand strengthened by fractures within the opposition and eroding diplomatic isolation in Latin America, it was not immediately clear whether the new U.S. license could help lure him into a new round of talks in Mexico.
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