Trending: Chevron Could Resume Pumping Oil in Venezuela With Scaled Down Sanctions
07 October 2022 - 4:20AM
Dow Jones News
12:49 ET Chevron Corp. is one of the most talked about companies
in the U.S. across all news items in the last 12 hours, according
to Factiva data. People familiar with the matter said the Biden
administration is preparing to scale down sanctions on Venezuela
that will allow Chevron Corp. to resume pumping oil in the country,
The Wall Street Journal reported. This would begin a path toward a
possible reopening of U.S. and European markets to oil exports from
Venezuela. The U.S., Venezuela's government and some Venezuelan
opposition figures have also worked out a deal to free up hundreds
of millions of dollars in Venezuelan state funds frozen in American
banks to pay for imports of food, medicine and equipment. The
government of Venezuelan President Nicolas Maduro would resume
talks with the country's opposition to discuss conditions needed to
hold free and fair presidential elections in 2024, the people said.
Dow Jones & Co. owns Factiva. (jennifer.tershak@wsj.com)
(END) Dow Jones Newswires
October 06, 2022 13:05 ET (17:05 GMT)
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