Chevron in Venezuela: The Biden administration’s sanctions relief explained

By Jeremy Beaman

Published November 30, 2022 8:00am ET

Chevron in Venezuela: The Biden administration’s sanctions relief explained — The Treasury Department is easing sanctions against Venezuela‘s oil sector, allowing U.S.-based Chevron to pick operations up where they left off to comply with sanctions the Trump administration introduced in 2019. Treasury’s Office of Foreign Assets Control issued a new general license on Saturday authorizing Chevron to resume “limited natural resource extraction operations” through its […]

The Treasury Department is easing sanctions against Venezuela‘s oil sector, allowing U.S.-based Chevron to pick operations up where they left off to comply with sanctions the Trump administration introduced in 2019.

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