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ENERGY MINISTER Dr Roodal Moonilal said TT’s energy sector still remains optimistic despite recent developments in Venezuela.

After the January 3 capture of President Nicolas Maduro, the US government has intercepted a number of oil tankers amid its crude export blockade.

Although Moonilal acknowledged that the developments are of great concern, he said the OFAC licence related to the Dragon Gas project remains in place. This is despite the then Maduro-led Venezuelan government’s termination of all energy arrangements with TT in December, something that Moonilal said the government received no formal notification of.