Five oil giants, including BP, Shell, and Chevron, have received U.S. authorization to resume activities in Venezuela.

The United States has authorized five oil giants, including BP, Shell, Eni, Repsol, and Chevron, to resume operations in Venezuela, under strict supervision from Washington. The license allows these companies to collaborate with the national oil company PDVSA, and the contracts will be governed by U.S. law, with disputes resolved in the U.S. Additionally, payments must be made through accounts approved by the U.S. Treasury. This decision comes in the context of the Trump administration seeking to relaunch the exploitation of oil resources in Venezuela, promising a sharing of profits. Energy Secretary Chris Wright recently visited Venezuela, announcing a "spectacular increase" in oil production. Meanwhile, the embargo imposed on Venezuelan oil is being gradually lifted, with conditions aimed at preventing benefits for regimes like those in Russia and Iran.