The Biden administration allowed Chevron to pay money to the Venezuelan government. This was despite a rule that said Chevron could not make these payments. People who know about this situation spoke on the condition of anonymity.
The U.S. government gave Chevron a special waiver in November 2022. This waiver let Chevron keep working in Venezuela without breaking the law. Chevron was allowed to pay some taxes and fees to the government.
Previously, the Trump administration stopped this agreement and told Chevron to end its work in Venezuela.
Chevron said it follows all laws, including U.S. sanctions. The U.S. Treasury Department did not comment on this situation.
Chevron is the only major U.S. oil company still working in Venezuela, which has faced many issues under President Maduro.
The Biden administration made a deal in 2022 that allowed Chevron to return to work as long as Venezuela held democratic elections.
Vocabulary List:
- Administration /ədˌmɪn.ɪˈstreɪ.ʃən/ (noun): The act of managing or overseeing an organization often referring to a government or corporate body.
- Waiver /ˈweɪ.vɚ/ (noun): A document that relinquishes or unconditionally surrenders a right or privilege.
- Government /ˈɡʌv.ern.mənt/ (noun): The governing body of a nation state or community.
- Sanctions /ˈsæŋkʃənz/ (noun): Measures taken by countries to restrict trade and official contact with a state that has violated international laws or norms.
- Democratic /ˌdɛm.əˈkræt.ɪk/ (adjective): Relating to a system of government in which the citizens exercise power directly or elect representatives from among themselves.
- Anonymity /ˌæn.əˈnɪm.ə.ti/ (noun): The condition of being anonymous; the state of being unknown or unacknowledged.