Tag Archives: Chevron

Easing Oil Sanctions on Venezuela: Chevron’s Limited License to Resume Oil Extraction Operations

By Daphna Jimenez December 16, 2022 Venezuela’s economy has struggled for many years due to its overreliance on its oil industry, which has contributed to astronomically high inflation, mass food shortages and the weakening of Venezuela’s private sector as oil prices declined. In January 2019, the United States imposed sanctions on Venezuela’s most important global […]