US considers limited authorizations for oil firms in Venezuela, sources say
ReutersJul 24, 2025 4:51 PM
July 24 (Reuters) - U.S. President Donald Trump's administration is discussing authorizations to key partners of Venezuela's state-run oil company PDVSA, starting with Chevron CVX.N, which would allow them to operate with limitations in the sanctioned OPEC country, four sources close to the matter said on Thursday.
If granted, the authorizations to Chevron and possibly also to PDVSA's European partners, would mark a policy swift from a pressure strategy Washington adopted earlier this year.
The U.S. State Department said in a statement it cannot speak to any specific licenses to PDVSA partners but added the U.S. will not allow President Nicolas Maduro's government to profit from the sale of oil.
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