Venezuela's state-owned oil company, PDVSA, said Wednesday it is negotiating with the U.S. government to sell crude oil after years of sanctions.

The agreement is a strong sign that the Venezuelan government is responding to Trump’s demand that they open up to U.S. oil companies.

Oil sales from Venezuela will continue indefinitely and U.S. sanctions against Caracas will be reduced, sources close to the White House told CNBC’s Brian Sullivan on Wednesday.

Officials say sales were expected to start with 30 million to 50 million barrels of oil and the revenue would be controlled by the US government.

Il Venezuela ha avviato ufficialmente un negoziato con gli Stati Uniti sulla fornitura di petrolio. Lo riferisce un comunicato della compagnia statale Pdvsa. (ANSA)

Il Venezuela ha avviato ufficialmente un negoziato con gli Stati Uniti sulla fornitura di petrolio. Lo riferisce un comunicato della compagnia statale Pdvsa. (ANSA)

La compagnia petrolifera statale Petroleos de Venezuela (PDVSA) ha annunciato di essere in trattativa per la vendita di petrolio con gli Stati Uniti. ...

Venezuela's state-owned oil company, PDVSA, said Wednesday it is negotiating with the U.S. government to sell crude oil after years of sanctions.