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    Biden eases Venezuela sanctions as opposition talks resume

    The U.S. Treasury Department is allowing Chevron to resume "limited" energy production in Venezuela after years of sanctions have curbed oil and gas profits flowing to President Maduro's government.
    by The Associated Press Nov 26, 2022 1 minute

    WASHINGTON — The Biden administration on Saturday eased some oil sanctions on Venezuela in an effort to support newly restarted negotiations between President Nicolás Maduro's government and its opposition.

    The Treasury Department Chevron to resume "limited" energy production in Venezuela after years of sanctions that have dramatically curtailed oil and gas profits that have flowed to Maduro's government. Earlier this year the Treasury Department again allowed the California-based Chevron and other U.S. companies to perform basic upkeep of wells it operates jointly with state-run oil giant PDVSA.

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