The U.S. government will allow the oil giant to send tankers to the South American country in the first operation to get Venezuelan oil to the U.S. in multiple years.
California-based oil giant Chevron Corp. has been given permission by the U.S. government to send two oil tankers to Venezuela in a mission that would be the first to bring back oil to the United States from the South American country in almost four years.
One of the tankers will take on the task of loading the first cargo the be returned to the United States in multiple years, Reuters reported, citing a source familiar with the operation.It was not clear if the U.S. would be willing to further remove more sanctions imposed on the Venezuelan government.
As the Associated Press reported, Venezuelan Petroleum Minister Tareck El Aissami signed an agreement with Chevron in early December in Caracas. That came after President Joe Biden and his administration eased some of the oil sanctions placed on Venezuela in late November to try and support new negotiations.
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