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U.S. Prepares to Ease Sanctions on Venezuela to Allow Chevron Oil Drilling 

HeadlineOct 06, 2022

The Wall Street Journal reports the Biden administration is preparing to scale down sanctions on Venezuela to allow the Chevron Corporation to resume pumping oil there. In return for reopening U.S. and European markets to oil exports from Venezuela, the government of President Nicolás Maduro would agree to negotiate with U.S.-supported opposition groups over a new round of presidential elections in 2024.

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