{"id":1752342,"date":"2022-11-27T06:05:09","date_gmt":"2022-11-27T11:05:09","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1752342"},"modified":"2022-11-27T07:18:06","modified_gmt":"2022-11-27T12:18:06","slug":"u-s-treasury-allows-chevron-to-expand-oil-pumping-in-venezuela","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-treasury-allows-chevron-to-expand-oil-pumping-in-venezuela\/","title":{"rendered":"U.S. Treasury Allows Chevron to Expand Oil Pumping in Venezuela"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fu-s-treasury-allows-chevron-to-expand-oil-pumping-in-venezuela%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1752342&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\">\n<div class=\"caption\">\n<p>Potomac Core President and CEO Dan Varroney discusses U.S. energy independence under Biden&#8217;s leadership and skyrocketing diesel prices.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Chevron Corp. has won U.S. approval to resume and expand its <a href=\"https:\/\/www.foxbusiness.com\/category\/oil\" target=\"_blank\" rel=\"noopener\">oil operations<\/a> in Venezuela, the U.S. government announced on Saturday.<\/p>\n<p>The Treasury Department said Chevron has been issued an expanded license to import petroleum or petroleum products produced by its joint venture with PDVSA, the Venezuelan state oil-firm. The approval comes after talks resumed between the Venezuelan government, led by socialist President Nicol\u00e1s Maduro, and the opposition Unitary Platform.\u00a0<\/p>\n<p>&#8220;This action reflects longstanding U.S. policy to provide targeted sanctions relief based on concrete steps that alleviate the suffering of the Venezuelan people and support the restoration of democracy,&#8221;\u00a0the Treasury Department said.<\/p>\n<table class=\"stock-fundamentals\">\n<thead>\n<tr>\n<th class=\"ticker\">Ticker<\/th>\n<th class=\"security\">Security<\/th>\n<th class=\"last\">Last<\/th>\n<th class=\"change\">Change<\/th>\n<th class=\"percent\">Change %<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td class=\"ticker\"><a href=\"https:\/\/www.foxbusiness.com\/quote?stockTicker=CVX\">CVX<\/a><\/td>\n<td class=\"security\">CHEVRON CORP.<\/td>\n<td class=\"last\">183.70<\/td>\n<td class=\"change neg\">-0.54<\/td>\n<td class=\"percent neg\">-0.29%<\/td>\n<\/tr>\n<tr><\/tr>\n<\/tbody>\n<\/table>\n<p>U.S. officials had previously offered to loosen sanctions and release some Venezuelan prisoners held in U.S. jails contingent on continuing talks and agreements to strengthen democracy in Venezuela.\u00a0<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/lifestyle\/thanksgiving-gas-prices-highest-recorded-americans-still-hitting-road\" target=\"_blank\" rel=\"noopener\"><strong>THANKSGIVING GAS PRICES HIGHEST RECORDED BUT AMERICANS STILL HITTING THE ROAD<\/strong><\/a><\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/11\/931\/523\/chevron-corporation.jpg?ve=1&#038;tl=1\" alt=\"Chevron gas station\" \/><\/div>\n<div class=\"caption\">\n<p><span>The Chevron logo is displayed at a Chevron gas station on Oct. 28, 2022, in Los Angeles.<\/span><span> (Mario Tama\/Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/10\/931\/523\/Maduro.jpg?ve=1&#038;tl=1\" alt=\"Venezuelan President Nicolas Maduro\" \/><\/div>\n<div class=\"caption\">\n<p><span>FILE: Venezuelan President Nicolas Maduro stands before a meeting at the presidential palace in Caracas, Venezuela, on July 11, 2022.<\/span><span> (AP Photo\/Ariana Cubillos, File \/ AP Newsroom)<\/span><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.foxbusiness.com\/politics\/biden-looking-alternatives-opec-disappointment-doesnt-rule-out-easing-venezuela-sanctions\" target=\"_blank\" rel=\"noopener\"><strong>BIDEN LOOKING AT \u2018ALTERNATIVES\u2019 AFTER OPEC \u2018DIAPPOINTMENT,&#8217; DOESN&#8217;T RULE OUT EASING VENEZUELA SANCTIONS<\/strong><\/a><\/p>\n<p>As energy prices have risen and fueled inflation, President Biden released more than 200 million barrels from the nation&#8217;s emergency oil reserves to provide relief at the pump. His administration has urged foreign governments like Venezuela to increase oil production as well amid worldwide shortages caused by sanctions against Russia for the war in Ukraine, OPEC+ announcing production cuts, and slowing production in U.S. shale.\u00a0<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/10\/931\/523\/2021-04-22T000000Z_998233387_RC271N9KJUUX_RTRMADP_3_VENEZUELA-OIL.jpg?ve=1&#038;tl=1\" alt=\"image\" \/><\/div>\n<div class=\"caption\">\n<p><span>FILE PHOTO: A general view of the Amuay refinery complex which belongs to the Venezuelan state oil company PDVSA in Punto Fijo, Venezuela, Nov. 17, 2016.\u00a0<\/span><span> (EUTERS\/Carlos Garcia Rawlins\/File Photo \/ Reuters Photos)<\/span><\/p>\n<\/div>\n<\/div>\n<p>Venezuela produces at most 800,000 barrels of oil per day. That figure is up from the average of <a href=\"https:\/\/oilprice.com\/Energy\/Energy-General\/The-World-Is-Facing-A-Critical-Diesel-Shortage.html\" rel=\"nofollow\"><u>525,000 barrels<\/u><\/a> it produced a year ago, but far off its failed target of 1 million a day by the end of 2021 and nowhere near the more than 3 million barrels per day the country was producing in the 1990s.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/apps-products\" target=\"_blank\" rel=\"noopener noreferrer\"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/a><\/p>\n<p>&#8220;The announcements by the Unitary Platform and the Maduro regime are important steps in the right direction to restore democracy in the country,&#8221; the Treasury Department said. &#8220;The United States welcomes and supports the reopening of negotiations between the Unitary Platform and the Maduro regime, as part of our longstanding policy to support the peaceful restoration of democracy, free and fair elections, and respect for the rights and freedoms of Venezuelans.&#8221;<\/p>\n<p>A Chevron spokesperson told Reuters the company was reviewing the license terms.\u00a0<\/p>\n<p><i>FOX Business&#8217; Bradford Betz contributed to this report.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Potomac Core President and CEO Dan Varroney discusses U.S. energy independence under Biden&#8217;s leadership and skyrocketing diesel prices. Chevron Corp. has won U.S. approval to resume and<\/p>\n","protected":false},"author":1,"featured_media":1752345,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1752342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1752342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1752342"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1752342\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1752345"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1752342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1752342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1752342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}