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    Home > Chemicals Industry > Petrochemical News > The U.S. government resumed oil operations in Venezuela to a limited extent

    The U.S. government resumed oil operations in Venezuela to a limited extent

    • Last Update: 2023-01-01
    • Source: Internet
    • Author: User
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    According to the Wall Street Journal, the United States eased sanctions against Venezuela and approved the resumption of some operations of the US Chevron company in
    Venezuelan oil production.

    The Wall Street Journal said that on November 26, local time, the Venezuelan government and opposition representatives held a political dialogue in Mexico City, the capital of Mexico, and the two sides agreed to establish a fund managed by the United Nations and unfreeze part of Venezuela's overseas funds for the country's medical care, food aid and electricity supply
    .

    In response to the progress of negotiations between the Venezuelan government and the opposition, the U.
    S.
    Treasury Department announced on the same day the issuance of a license to allow the U.
    S.
    Chevron Oil Company Limited to resume crude oil mining in Venezuela and ship crude oil to the United States
    .
    However, the license is only valid for 6 months
    .

    National Public Radio (NPR) analyzed that one of the main reasons why the United States tried to repair relations with Venezuela was that the decision to ban the import of Russian oil under the Russian-Ukrainian conflict prompted the United States to turn to new sources of energy
    .

    Venezuelan President Nicolás Maduro won re-election
    in presidential elections held in May 2018, Xinhua reported.
    The United States does not recognize the results of this election and supports Juan Guaido, a prominent opposition figure who has proclaimed himself "interim president," in an attempt to overthrow Maduro's government
    .
    Venezuela severed diplomatic relations with the United States since January 2019, and the United States has continuously increased economic sanctions against Venezuela, including an embargo on Venezuelan crude oil
    .

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