US could ease Venezuela sanctions, allow Chevron to pump oil: WSJ

[kevinUsa]

LIVE

Open the menu

Economy

|

Energy

US could ease Venezuela sanctions, allow Chevron to pump oil: WSJ

Biden administration preparing to ease sanctions if Caracas takes steps towards restoring democracy, report says.

 

Venezuela Chevron

The United States is considering easing sanctions on Venezuela to allow Chevron Corp to pump oil in the country, according to a new report [File: Leslie Mazoch/AP]

Published On 6 Oct 2022

6 Oct 2022

The United States is considering loosening sanctions on Venezuela so Chevron Corp can pump oil in the country if Caracas takes steps towards restoring democracy, the Wall Street Journal has reported.

 

Under the proposed deal, the Biden administration would ease some sanctions in exchange for Venezuelan President Nicolás Maduro resuming talks with the political opposition on the conditions needed to hold free and fair elections in 2024, the newspaper reported on Wednesday, citing people familiar with the proposal.

 

US officials said the deal had not been finalised and could fall through if Maduro’s government did not resume negotiations with opposition parties, according to the report.

 

KEEP READING

list of 4 items

list 1 of 4

US to expand historical site marking Native American massacre

list 2 of 4

Vietnam eyes China’s tech crown as firms tire of ‘zero COVID’

list 3 of 4

North Korea fires more missiles; second launch in three days

list 4 of 4

Will North Korea conduct a nuclear test during China’s Congress?

end of list

The deal would pave the way for Chevron and US oil-service companies to resume exports of Venezuelan oil to the global market amid spiralling energy prices worldwide.

 

Energy experts have cautioned that Venezuela’s oil supplies could have a limited effect on prices as the country’s production has plummeted after years of economic crisis, mismanagement and sanctions.

 

Venezuela’s oil industry has been under tough US sanctions since 2019, when the Trump administration and Western allies declared opposition leader Juan Guaidó the country’s legitimate leader following elections marred by voting rigging allegations.

 

White House National Security Council Spokesperson Adrienne Watson on Wednesday said the administration had no plans to change its sanctions policy “without constructive steps” for Maduro to restore democracy.

 

“Our sanctions policy on Venezuela remains unchanged. We will continue to implement and enforce our Venezuela sanctions,” Watson said in a statement following the Wall Street Journal report

[chef]

Aallu kuda 10ge mante??

[kevinUsa]

9 minutes ago, chef said:

Aallu kuda 10ge mante??

8$ gas ready avvali inka

[Sreeven]

28 minutes ago, chef said:

Aallu kuda 10ge mante??

Current condition lo yes anochu kani cheppalem..no ante recession long term avvuddi..