Biden Gives Chevron Greenlight To Start Pumping Oil In Venezuela Again

Joe Biden eating ice cream

At a glance

  • The statement said that the move by the administration to “provide targeted sanctions relief” was based on the Venezuelan government’s recent actions to help its people and “support the restoration of democracy.”
  • The sanctions relief that the administration is providing to Venezuela will last six months, at which point it could be revoked or amended.
  • The move by the Biden administration to ease sanctions on Venezuela comes as the administration has been hostile to issuing new drilling permits in the U.S., which has invited intense criticism.

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