Trump Rescinds US Oil Tycoon's License to Buy Venezuelan Asphalt
The Trump administration has rescinded a license allowing US energy magnate Harry Sargeant III to import asphalt from Venezuela, according to a source with direct knowledge of the matter.
Texas-based Global Oil Terminals, owned by Sargeant, must wind down operations in Venezuela by May 27, the person said Saturday. The company has until April 2 to pay any remaining debt owed to state oil company Petroleos de Venezuela.
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