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Trump greenlights more oil-and-gas investments in Venezuela

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The Trump administration is officially paving the way for global oil companies to jump back into Venezuela, a country that most of the U.S. oil industry has stayed out of for the past two decades.

On Friday, the Treasury Department issued a general license allowing certain large oil companies to invest in new oil-and-gas operations in the Latin American country. The companies that made the list were Chevron, the only U.S. oil company currently operating in Venezuela, as well as some European rivals Shell, BP, Italy’s ENI and Spain’s Repsol. 

Read more from The Wall Street Journal.

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