Foreign media: US eases oil sanctions on Venezuela, US companies to resume production in Venezuela on ‘limited basis’ – Xinhua English.news.cn

Foreign media: US eases sanctions on Venezuelan oil, US companies to resume production in ‘limited’ Venezuela

Hangzhou network Release time: 2022-11-29 01:47

Reference News Network reported on Nov. 28 that the Biden administration eased some oil sanctions on Venezuela on Nov. 26 to support the newly restarted negotiations between the country’s President Maduro’s government and the opposition.

The US Treasury Department has allowed Chevron to resume “limited” power generation in Venezuela after years of sanctions that have slashed oil and gas profits destined for the Maduro government, the Associated Press reported on November 26th. Earlier this year, the US Treasury Department again allowed California-based Chevron and other US companies to perform essential well maintenance that it works jointly with Venezuelan oil company Petroleos de Venezuela.

Under the new policy, profits from energy sales would be used to pay off debts owed to Chevron, rather than Petroleos de Venezuela, the report said.

Negotiations between the Maduro government and the opposition resumed in Mexico City on the 26th after more than a year of suspension. Whether they will take a different path to previous rounds of negotiations remains to be seen. Previous rounds of talks have not eased the political deadlock in the country.

A senior US administration official, speaking on condition of anonymity, said the US would closely monitor Maduro’s engagement in the talks, reserving the right to re-impose tougher sanctions or continue to ease them, depending on how it proceeds. the talks.

Bob Menendez, chairman of the US Senate Foreign Relations Committee, said: “If Maduro tries once again to use these negotiations to buy time and further strengthen his criminal regime, the United States and our international partners must restore the full effect of our sanctions quickly.”

(Original title: Foreign media: US eases sanctions on Venezuelan oil and US companies to resume production in Venezuela in a “limited” way)

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