NSC Strategic Communication Coordinator John Kirby defended the White House easing sanctions on Venezuela, downplaying that it was at the expense of U.S. oil companies.
NSC Strategic Communication Coordinator John Kirby defended the White House easing oil sanctions on Venezuela, saying there are plenty of opportunities for companies to drill in the US.against Venezuela, saying that there are plenty of untapped opportunities for companies to drill in the United States. Peter Doocy, who asked Kirby why President Biden "would rather let U.S. companies drill for oil in Venezuela than here in the U.S.
to pump Venezuelan oil if Venezuela’s government, led by President Nicolás Maduro, and its opposition agreed to resume long-stalled negotiations meant to find a common path out of their country’s complex crisis. "There are plenty of opportunities for oil and gas companies to drill here in the United States," Kirby said. "I’ll let Chevron speak for this particular issue of sanctions relief, but our expectation is it won’t be a lot of oil coming out of there. It will have to be shipped to the United States." "[I]t remains to be seen how much will get drilled down there. It will be up to Chevron to decide that," Kirby said.
The Treasury Department on Saturday announced its decision to allow California-based Chevron to resume "limited" energy production in Venezuela after years of sanctions that have dramatically curtailed oil and gas profits that have flowed to Maduro’s government.The decision by the Biden administration is the latest step in the softening of hostile relations between the U.S. and Venezuelan governments.
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