Maduro to order the creation of oil, gas and mining licenses for the Esequibo region

<p>Venezuela's President Nicolás Maduro has announced he is to order the creation of oil, gas and mining licenses for the Esequibo region</p><ul><li>also creating Esequibo divisions of the state owned oil and mining companies PDVSA and CVG</li></ul><p>Madora announcement on state TV.</p><p>The area is, of course, in neighbouring Guyana that Maduro is threatening to annex. Indeed, Venezuelans voted in a referendum on Sunday to approve the annexation of the Esequibo.</p><p>—</p><p>The US is looking at reimposing sanctions on Venezuela. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.