The US restored Chevron Corp.’s ability to pump oil in Venezuela, reversing a decision made just two months earlier when the Trump administration was seeking to exert more pressure on the regime of President Nicolas Maduro.

The Trump administration had canceled Chevron’s license soon after taking office, charging the Maduro government was slow to take back deported Venezuelans.

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,