Biden Admin Allows Chevron To Pump Oil In Communist Venezuela

The Treasury Department on Saturday issued Chevron a new license that would allow the massive oil company to pump oil in Venezuela, easing sanctions on the communist country as the price of gas remains elevated.

The license, issued by the Office of Foreign Assets Control (OFAC), will allow the company to produce oil in Venezuela by taking part in joint ventures with the state-owned oil company Petróleos de Venezuela, according to a Treasury Department press release. The department issued the license after Venezuelan President Nicolás Maduro and the Unitary Platform,...