The US has allowed oil giant Chevron to resume operations in Venezuela as talks between the government and the opposition resumed.

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  • BBC News World

image source, Good pictures

This Saturday, the same day that the Venezuelan opposition and the government of President Nicolás Maduro officially resumed political talks, the US Treasury Secretary said he would allow Chevron, the country’s second-largest oil company, to resume extraction in Venezuela.

The move allows Chevron and its subsidiaries to resume limited oil exploration and exploitation activities as long as Venezuela’s state oil company remains. PDVSA will not receive any profit US company operations.

“This action reflects long-standing U.S. policy to provide specific economic sanctions based on concrete measures that will alleviate the suffering of the Venezuelan people and support the restoration of democracy,” he said in a statement from the Treasury Department.

However, the US continues to prevail Most punishments.

Eden Hayes

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