US EditionUS Mulls Limited Authorizations for Oil Firms in Venezuela, Sources Say
VENEZUELA, JUL 24 – The U.S. plans to allow Chevron limited oil operations in Venezuela, aiming to sustain production without benefiting President Maduro's government, under a new conditional authorization policy.
- Amid strained ties, the U.S. is poised to allow Chevron to resume pumping oil in Venezuela, with sources close to the matter stating new licenses will include conditions to block funds reaching Maduro’s regime, marking a policy shift.
- Earlier this year the administration revoked Chevron’s licenses in February and May, and the new plan signals a shift from a pressure strategy adopted since 2019, a senior State Department official said.
- According to sources familiar with discussions, the authorizations enable Chevron and partners like Italy’s Eni and Spain’s Repsol to pay contractors and import critical equipment, described as a `specific license` and contrasting with earlier maintenance permissions.
- The resumption of operations marks a turning point in U.S.-Venezuela relations and offers Western firms a lifeline while giving the U.S. a foothold in a China-dominated market.
- While license renewal may open the door for other firms, opposition leaders and rights groups warn it could undercut democratic efforts even as Rubio’s role underscores energy security priorities.
62 Articles
62 Articles
Donald Trump’s government has given Chevron the green light to resume oil extraction in Venezuela
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Donald Trump has returned to Nicolás Maduro part of the margin that he denied for years. The White House has reissued this week the license that allows Chevron to operate in Venezuela, four months after cancelling it. The turn comes after an exchange: ten U.S. citizens, freed by Caracas, in exchange for the deportation of 252 Venezuelans from a detention center in El Salvador. In parallel, it seeks to stop Venezuelan crude exports to China and c…
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