The United States is preparing to grant new authorizations to key partners of Venezuela's state-run PDVSA, starting with Chevron , to allow them to operate with limitations in the sanctioned OPEC nation and swap oil,

The U.S. government is considering granting limited authorizations to Chevron and possibly other partners of Venezuela's PDVSA. This potential policy shift could allow these companies to operate in Venezuela despite ongoing U.

The Trump administration has reinstated Chevron’s license to produce oil in Venezuela following a diplomatic agreement that included prisoner exchanges.