Biden Admin Authorizes Chevron to Resume Oil Pumping in Venezuela

The Chevron logo is displayed at a Chevron gas station located in Alameda, Calif., on Jan. 29, 2010. Justin Sullivan/Getty Images

The Biden administration authorized on Nov. 26 Chevron Corp.’s joint venture to resume oil pumping in Venezuela.

“The Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Venezuela General License (GL) 41, authorizing Chevron Corporation to resume limited natural resource extraction operations in Venezuela,” the Treasury Department said in a statement.