US authorizes Maurel & Prom to expand oil and gas operations in Venezuela

Etablissements Maurel et Prom SA

18/02/2026 22:11

WASHINGTON, Feb 18 (Reuters) - The United States on Wednesday further eased sanctions on Venezuela's energy sector, adding Maurel & Prom MAUP.PA to a list of companies authorized to expand oil and gas operations in the OPEC member country.

The Treasury Department issued a general license on Wednesday adding Maurel & Prom to the list. Chevron CVX.N, Shell SHEL.L, Repsol REP.MC and some other firms that are partners of state oil company PDVSA had previously been given authorization.

 (Reporting by Ryan Jones, Daphne Psaledakis and Marianna Parraga; Editing by Christian Martinez)

 ((Daphne.Psaledakis@thomsonreuters.com;))