Chevron to Resume Venezuela Oil Sales as US Rules Ease
- Six-month license allows Chevron to resume production, exports
- Maduro, opposition restarted talks in Mexico on Saturday
An oil tank stands at the Petropiar facility in El Tigre, Venezuela
Source: Bloomberg
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The Biden administration granted Chevron Corp. a license to resume oil production in Venezuela after US sanctions halted all drilling activities almost three years ago.
The reprieve followed the resumption of talks by Venezuela’s political factions on Saturday with a deal to work together on a humanitarian spending plan.