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Venezuela’s state-owned PDVSA is in talks with local and foreign oilfield firms to hire equipment and services that would allow it to revive depressed output, sources close to the meetings said, after the U.S. relaxed sanctions on the country. The U.S. Treasury Department in October authorized for six months the production and export of Venezuelan crude, gas and fuel, the procurement of goods and services, new investments and payments to PDVSA with few limitations on business partners. The general license authorizing those activities is subject to compliance with a key electoral pact between President Nicolas Maduro’s government and the opposition that outlines the path to a presidential election in 2024. By Deisy Buitrago and Marianna Parraga. Full Text -> Reuters
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