Much to the disappointment of a number of countries in the hemisphere, the administration of President Joe Biden has opted to ‘pile on the pressure’ on Venezuela by moving to renew a licence that imposes only a partial exemption on the US company, Chevron Corporation’s workings in Venezuela’s oil sector.
A new licence, setting out the paradigms of Washing-ton’s expectations of Chevron’s relationship with the oil industry in Venezuela reportedly retains the US oil company’s partial exemption from sanctions that are in place in order to allow for the company to keep operating in Venezuela.
