T&T’s OFAC licences have been revoked.
This news came a short while ago from Prime Minister Stuart Young during a media conference.
The licenses allow T&T and its contractors to explore, produce, and export natural gas from fields in Venezuelan waters.
The specific fields are Dragon and Cocuina-Manakin.
Mr Young says steps will be taken to have the decision reviewed or at least amended.
Audio PlayerMr Young expects that T&T will be given an audience.
In the meantime, he says they will proceed with whatever work can be done on the Dragon Gas field without offending the sanctions.
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