Biden to ease Venezuela sanctions one day after Cuba rules lift
The US will allow Chevron to discuss future work with state-owned Venezuelan oil company PDVSA and lift sanctions against Carlos Malpica-Flores, a former PDVSA executive and relative of Venezuelan strongman Nicolas Maduro.
Biden administration officials said on a White House-organized call that the changes are relatively minor and were made at the request of Venezuelan opposition leaders who comprise a shadow government that is in talks with Maduro.
“The Treasury, with the guidance from the State Department, issued a narrow license authorizing Chevron to negotiate the terms of the potential future activities in Venezuela,” an official said. “It does not allow entry into any agreement with PDVSA or any other activity involving PDVSA or Venezuela’s oil sector. So fundamentally, what they’re doing is just allowed to talk.”
https://nypost.com/2022/05/17/biden-eases-venezuela-sanctions-one-day-after-cuba-rules-lift/
After Chavez stole from oil companies when he nationalized, I don’t know why they’d want to do business with them.