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U.S. Weighs Easing Limits on Chevron Contacts With Venezuela

  • Biden officials say a broader easing of sanctions isn’t coming
  • U.S. wants to help revive talks between government, opposition
Nicolas Maduro 

Nicolas Maduro 

Photographer: Gaby Oraa/Bloomberg

The Biden administration is debating whether to ease some sanctions on Venezuela to let Chevron Corp. speak directly with President Nicolas Maduro’s government, as the U.S. looks for ways to jump-start stalled talks with the political opposition, people familiar with the matter said. 

Lifting a ban on communication with senior members of the Maduro regime would allow Chevron to prepare for a day when punishing sanctions on Venezuela’s oil industry are lifted -- something the U.S. insists isn’t currently under consideration. It would also allow Chevron to negotiate more control over its joint ventures with state-run oil company PDVSA, according to the people.