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Chevron, Reliance request U.S. unwind some Venezuela oil sanctions
Jan. 29, 2021
Source: World oil

Chevron, Reliance request U.S. unwind some Venezuela oil sanctions

Chevron and Reliance Industries are meeting with U.S. State Department officials reinstating transactions known as oil swaps that would allow companies to receive Venezuelan crude in exchange for supplying diesel.The U.S. imposed sanctions on Petroleos de Venezuela SA in early 2019, in an effort to dislodge President Nicolas Maduro from power by depriving his government of oil revenue.

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