Biden Admin Authorizes Chevron to Resume Oil Pumping in Venezuela

The Biden administration authorized on Nov. 26 Chevron Corp.’s joint venture to resume oil pumping in Venezuela.
“The Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Venezuela General License (GL) 41, authorizing Chevron Corporation to resume limited natural resource extraction operations in Venezuela,” the Treasury Department said in a statement.
The goal of the authorization is to “alleviate the suffering of the Venezuelan people and support the restoration of democracy,” according to the statement.
The Biden administration’s decision comes after the Nicolás Maduro regime and opposition political alliance Unitary Platform resumed talks in Mexico City.
This was the first negotiation between the two parties since October 2021….}