Chevron Gets U.S. License to Pump Oil in Venezuela Again - The Wall Street Journal

WASHINGTON—The U.S. said it would let Chevron Corp. to resume pumping oil from its Venezuelan lipid fields aft President Nicolás Maduro’s authorities and an opposition coalition agreed to instrumentality an estimated $3 cardinal humanitarian alleviation programme and proceed dialog successful Mexico City connected efforts to clasp escaped and just elections.

Following the Norwegian-brokered statement signed successful Mexico City, the Biden medication granted a license to Chevron that allows the California-based lipid institution to instrumentality to its lipid fields successful associated ventures with the Venezuela nationalist lipid company, Petróleos de Venezuela SA. The caller license, granted by the Treasury Department, permits Chevron to pump Venezuelan lipid for the archetypal clip successful years.