• İstanbul 10 °C
  • Ankara 2 °C

US scales down sanctions on Venezuela, enabling US oil giant Chevron pump oil

US scales down sanctions on Venezuela, enabling US oil giant Chevron pump oil
Move comes after agreement between Venezuelan government, opposition

By Faruk Zorlu

ANKARA (AA) - The Biden administration scaled back Washington’s sanctions against Venezuela Saturday to enable American oil big Chevron to expand its operations.

Following an agreement with Venezuelan President Nicolas Maduro's government and the opposition, the Venezuelan Unity Platform, the US administration eased oil sanctions to support the restart of the negotiation process in Mexico.

Venezuela's government and the opposition inked a partial agreement Saturday, following talks in Mexico City.

"A humanitarian agreement focused on education, health, food security, flood response, and electricity programs that will benefit the Venezuelan people; and agreement on the continuation of talks focused on the 2024 elections," the Treasury Department said in a statement.

With the Venezuela General License 41 issued by the US Treasury Department’s Office of Foreign Assets Control, Chevron will resume "limited natural resource extraction operations" in Venezuela, it added.

The move is expected to reopen US and European markets to oil exports from Venezuela.

source: News Feed
This news is a total 31 time has been read
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
This news yet comment has been added .
Other News
All Rights Reserved © May 2014 US Muslims | Unauthorized and the resources published.
Haber Scripti: CM Bilişim