Country Risk

The Coming Sanctions Test for Venezuela

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ss1102291202-Venezuelan president Nicolás Maduro
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  • Small but increasing volumes of Venezuelan oil are flowing to the US and Europe after a narrow relaxation of sanctions last year.
  • Chevron’s six-month special license is expected to be renewed around midyear.
  • But Washington appears unlikely to further ease oil-sector restrictions without meaningful progress toward clean presidential elections next year, and talks between President Nicolas Maduro and the opposition remain stalled.

The Issue

Topics:
Sanctions, Opec-Plus Supply, Policy and Regulation, Elections
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