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Event Brief

US allows oil majors to resume Venezuela operations

The US eased sanctions, allowing oil companies to operate in Venezuela.
WHO: US Treasury Department, Chevron, BP, Eni, Shell, Repsol
WHAT: Eased sanctions on Venezuela's energy sector
WHEN: Feb 12, 2026 at 7:00 PM ET
WHERE: Venezuela
WHY: To enable global energy companies to invest in oil and gas projects

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