The government of Nicolas Maduro and the Venezuelan opposition broke a political stalemate Saturday with a broad social accord, and the US government responded by allowing a major US oil company to resume operations in Venezuela.
MEXICO CITY, Mexico — In this file photo taken on April 26, 2021, a worker fills the tank of a truck transporting vegetables with diesel at a gas station in Caracas. The US eased oil-related sanctions against Venezuela on November 26, 2022, as President Nicolas Maduro’s government and the opposition announced a humanitarian agreement on education, health and other social issues. The Treasury Department said it would allow Chevron to resume limited oil extraction operations in Venezuela.
The accord does not specify the amount to be released, but Jorge Rodriguez, head of the Maduro government delegation, said the agreement will recover $3 billion of more than $20 billion in blocked money. Venezuela’s political crisis has worsened since Maduro declared himself victor of contested 2018 elections, which were widely seen as fraudulent, and generated widespread street protests.
The relaxation of curbs on Chevron’s operations in Venezuela, which has the world’s largest oil reserves, would allow the nation to move toward re-entering global oil markets.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Host nation Qatar eliminated from the World CupHost nation Qatar crashed out of its own World Cup on Friday, Nov. 25, after it was beaten 3-1 by Senegal and Ecuador held the Netherlands to a draw.
Read more »
Oh look, more seats are added to SEVENTEEN’s concert at Philippine ArenaDon&39;t look now but Live Nation Philippines is adding more seats to SEVENTEEN&39;s much-awaited concert at the Philippine Arena.
Read more »
Oh look, more seats will be added to SEVENTEEN’s concert at Philippine ArenaDon&39;t look now but Live Nation Philippines is adding more seats to SEVENTEEN&39;s much-awaited concert at the Philippine Arena.
Read more »
DILG plan taps LGUs in fight vs illegal drugs - BusinessMirrorAS part of a program aimed at implementing a “whole-of-nation” approach to control the proliferation of illegal drugs in the country, the Department of the Interior and Local Government (DILG) on Thursday urged local government units (LGUs) to formulate their local anti-drug plan of action (LADPA) and barangay anti-drug plan of action (BADPA) that responds
Read more »