Fed expected to cut interest rates, calls for Shein & Temu investigation, top fall destinationsJudge denies temporary restraining order against Bexar County for voter registration lawsuitFILE - Gas is flared at the Jose Antonio Anzoategui oil complex in Barcelona, Anzoategui State, Venezuela, Tuesday, Jan. 9, 2024. , who represented the Unitary Platform coalition in the July 28 election, and his main backer, opposition leader Maria Corina Machado.
Chevron’s license was issued in 2022 after Maduro and the opposition coalition jumpstarted a negotiation process. In October, the Treasury Department granted Venezuela a broad reprieve from sanctions after Maduro and the opposition agreed to work to improve electoral conditions ahead of the 2024 presidential contest. But as hopes for a democratic opening faded, the Biden administration
De la Cruz said the González-Machado campaign wants “to find common ground” with oil companies. But, he said, their presence in Venezuela at the moment give Maduro the ability to try to “normalize … de facto dictatorship that he is trying to set up in Venezuela.
After the disputed election, legislation was introduced in the U.S. Congress to prohibit American investments in Venezuela’s oil sector and to impose visa restrictions on current and former Maduro government officials. Resolutions recognizing a González victory were also introduced in the House and Senate.