US-Venezuelan detente on the cards?
May 19, 2021 12:35:pm
Summary
by: Daniel Graeber
Media sources suggest the Biden administration may extend sanctions waivers for Chevron and other US energy companies to continue work in Venezuela in what could be an indication of emerging détente between Washington and Caracas.
Given Biden’s knack for diplomacy, rather than his predecessor’s preference for a more assertive foreign policy, waivers extensions could be on the table for Chevron and upstream services companies Baker Hughes, Halliburton, Schlumberger and Weatherford. They are currently due to expire in June.
Amir Richani, the Latin America analyst for ClipperData, told NGW that overtures from Caracas may have influenced thinkin.