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(Bloomberg) — The Trump administration has rescinded a license permitting US vitality magnate Harry Sargeant III to import asphalt from Venezuela, based on a supply with direct information of the matter.
Texas-based International Oil Terminals, owned by Sargeant, should wind down operations in Venezuela by Could 27, the particular person stated Saturday. The corporate has till April 2 to pay any remaining debt owed to state oil firm Petroleos de Venezuela.
The Wall Road Journal reported late Friday that Sargeant’s oil-trading firm was ordered to depart Venezuela, citing a letter from the US Treasury Division.
The Trump administration not too long ago gave Chevron a Could 27 deadline to wrap up its operations with Venezuela as a solution to strain President Nicolas Maduro’s autocratic regime to make democratic reforms and settle for extra migrants from the US.
Sargeant had initially obtained a two-year-waiver in Could of final yr, permitting International Oil Terminals to buy and transport asphalt to the US and the Caribbean area. A US Treasury press official didn’t instantly reply to a request for remark.
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