The licence, once granted, will enable OVL to resume operations in the San Cristobal and Carabobo projects, where it holds a 49% stake in the former and 11% in the latter. The company has been seeking exemptions from US sanctions to not only restart operations but also to lift crude in lieu of stuck dividends worth $600 million.
from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/BVDbnFf
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