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Chevron Could Get Approval To Ramp Up Oil Production In Venezuela

Three well-placed unnamed sources have told Reuters that Washington could grant Chevron approval to significantly boost oil production in Venezuela as early as this weekend, if the government of Nicolas Maduro resumes talks with the opposition.  This potential would mean an easing of sanctions against Venezuela at a time when the United States is pushing for higher oil production to ease soaring prices.

  Allowing Chevron to play a key role in increasing Venezuela’s oil production has been used as leverage to force talks between…

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