Skip to main content
The Morning Star Shop
Washington eases restrictions on Venezuela to allow oil trade as world prices rocket
A cash register drawer holds Bolivars and US currencies at a shop in Caracas, Venezuela, Friday, May 13, 2022

WASHINGTON has eased some restrictions on Venezuela allowing for US oil company Chevron to carry out potential activities in the Bolivarian country, it was announced on Tuesday. 

“[The US] Treasury, with guidance from the State Department, issued a limited licence authorising Chevron to negotiate the terms of possible future activities in Venezuela. 

“It does not allow them to enter into any agreements with PDVSA or any other activities involving PDVSA (Petroleos de Venezuela) or the Venezuelan oil sector. So, fundamentally, what they are doing is just allowing them to talk,” a senior official told reporters. 

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
Demonstrators protest outside of the White House in Washington, November 15, 2025
Latin America / 18 November 2025
18 November 2025

The global left must be unwavering in it is support for Venezuela as Washington increases its aggression, and clear-eyed about the West’s cynical motives for targeting it, says CLAUDIA WEBBE

People gather outside of the United Nations' office in Caracas, Venezuela, for a government-organised rally against foreign interference, October 6, 2025
Latin America / 9 October 2025
9 October 2025

HANK KENNEDY contends that US military attacks in the Caribbean amount to modern piracy driven by Venezuela’s oil wealth

Government supporters listen to Venezuelan President Nicolas
Features / 15 January 2025
15 January 2025
Peace and solidarity campaigner DAVID PEAT reports from the World International Anti-Fascist Festival held earlier this month with the support of the Maduro government in socialist Venezuela
EN MASSE: Venezuelans turned out in force for the inaugurati
Features / 14 January 2025
14 January 2025
FIONA SIM of the Black Liberation Alliance reports on a whirlwind week in Caracas, including President Maduro’s inauguration