The Biden administration is easing some oil sanctions on Venezuela in an effort to support newly restarted negotiations between the Venezuelan government and its opposition. It will allow Chevron to resume “limited” energy production in the country.
allowing
Chevron to resume “limited” energy production in Venezuela after years of sanctions that have dramatically curtailed oil and gas profits that have flowed to Maduro’s government. Earlier this year the Treasury Department again allowed the California-based Chevron and other U.S. companies to perform basic upkeep of wells it operates jointly with state-run oil giant PDVSA.profits from the sale of energy would be directed to paying down debt owed to Chevron, rather than providing profits to PDVSA.
Talks between the Maduro government and the “Unitary Platform” resumed in Mexico City on Saturday after more than a yearlong pause. It remained to be seen whether they would take a different course from previous rounds of negotiations that have not brought relief to the political stalemate in the country.A senior U.S. administration official, briefing reporters about the U.S.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden eases Venezuela sanctions as opposition talks resumeThe Biden administration is easing some oil sanctions on Venezuela in an effort to support newly restarted negotiations between the Venezuelan government and its opposition.
Read more »
How Is Inflation Impacting Black Friday 2022?Media voices across the spectrum weighed in on how inflation was impacting Black Friday this year. See potential bias and similarities in coverage from washingtonpost, CNBC and dcexaminer: BlackFriday Inflation
Read more »
‘Major operational challenge': Biden admin races the clock to end Trump-era immigration ruleThe termination of Title 42 will mark both the close of a contentious legal battle and the dawn of a new political one, in which the administration’s migration policies will be tested once more
Read more »
A look at Naomi Biden and Tiffany Trump's presidential weddingsNaomi Biden and Tiffany Trump's presidential weddings were more alike than you think. Here's why.
Read more »
After recent shootings, Biden vows 'to try to get rid of assault weapons'America has heard it hundreds of times, including this week after shootings in Colorado and Virginia: The president wants to sign into law a ban on high-powered guns that have the capacity to kill many people very quickly.
Read more »