US says oil companies must pay local taxes, fees to Venezuelan government

Group 1 - The U.S. Treasury Department mandates that companies in the Venezuelan oil sector must pay local taxes, permits, and fees to the Venezuelan government [1] - Royalties and federal taxes from these companies must be deposited into a fund managed by the United States, specifically the Foreign Government Deposit Funds [1] - The Treasury issued two general licenses on February 10, one lifting U.S. sanctions on Venezuelan oil exports and the other allowing the provision of U.S. goods and services for oil and gas exploration in Venezuela [1]