US Issues General Licenses for Venezuela, Reopening Access for Global Majors

• Monday, 16th February 2026
• by Fatma Ahmed

The US Treasury Department’s Office of Foreign Assets Control (OFAC) has issued a sweeping relaxation of sanctions on Venezuela’s energy sector. The move grants two general licenses that allow international oil an ...

El Molla Meets with Oil, Gas Committee of the American Chamber of Commerce

• Sunday, 5th March 2023
• by Sarah Samir

Minister of Petroleum and Mineral Resources Tarek El Molla held a meeting with the Oil and Gas Committee of the American Chamber of Commerce in Egypt (AmCham Egypt) which comprises major American oil and gas compa ...

US Firms Out of Iran’s Oil Tenders

• Monday, 6th February 2017
• by Editorial Team

US companies stand no chance in participating in bidding for Iran’s oil fields, which the country plans to develop with international help, as American sanctions make such activities impossible.