'Trading House Vitol Has Preliminary U.S. License To Begin Negotiations To Import And Export Oil From Venezuela For Initial Period Of 18 Months; Vitol Has Yet To Receive A Final License Detailing Terms Under Which It Can Operate In Venezuela' - Reuters Exclusive

Vitol, one of the world's largest commodity traders, has received a preliminary special license from the U.S. government to begin negotiations to import and export oil from Venezuela for 18 months, four sources said on Thursday.

Vitol would seek to finalize the license and terms under which it can operate in the South American country in the coming days, one source said. Vitol declined to comment.

President Donald Trump's administration has said it wants to control Venezuela's oil sales and revenue indefinitely, after U.S. forces captured President Nicolas Maduro on January 3. Vitol and rival Trafigura are in talks with the Trump administration about the marketing of Venezuelan oil, Reuters reported earlier.