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Al Jazeera
Al Jazeera
Business

US could ease Venezuela sanctions, allow Chevron to pump oil: WSJ

Chevron Venezuela Oil Joe Biden Nicolás Maduro Adrienne Watson Caracas Chevron Corp Democracy Wall Street Journal
The United States is considering easing sanctions on Venezuela to allow Chevron Corp to pump oil in the country, according to a new report [File: Leslie Mazoch/AP]

The United States is considering loosening sanctions on Venezuela so Chevron Corp can pump oil in the country if Caracas takes steps towards restoring democracy, the Wall Street Journal has reported.

Under the proposed deal, the Biden administration would ease some sanctions in exchange for Venezuelan President Nicolás Maduro resuming talks with the political opposition on the conditions needed to hold free and fair elections in 2024, the newspaper reported on Wednesday, citing people familiar with the proposal.

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