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October 6, 2022

U.S. Prepares to Ease Sanctions on Venezuela to Allow Chevron Oil Drilling 
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The Wall Street Journal reports the Biden administration is preparing to
scale down sanctions on Venezuela to allow the Chevron Corporation to
resume pumping oil there. In return for reopening U.S. and European
markets to oil exports from Venezuela, the government of President
Nicolás Maduro would agree to negotiate with U.S.-supported opposition
groups over a new round of presidential elections in 2024.


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