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US Treasury authorizes Chevron to expand oil pumping in Venezuela

By Chris Pandolfo 

 

Biden administration applauds ongoing talks between socialist Maduro regime and Venezuelan opposition leaders in Mexico City

Chevron Corp. has won U.S. approval to resume and expand its oil operations in Venezuela, the U.S. government announced on Saturday.

The Treasury Department said Chevron has been issued an expanded license to import petroleum or petroleum products produced by its joint venture with PDVSA, the Venezuelan state oil-firm. The approval comes after talks resumed between the Venezuelan government, led by socialist President Nicolás Maduro, and the opposition Unitary Platform.

“This action reflects longstanding U.S. policy to provide targeted sanctions relief based on concrete steps that alleviate the suffering of the Venezuelan people and support the restoration of democracy,” the Treasury Department said.

 

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