By Marianna Parraga, Matt Spetalnick and Timothy Gardner HOUSTON/WASHINGTON (Reuters) -The United States is preparing to grant new authorizations to key partners of Venezuela's state-run PDVSA, starting with Chevron,

The U.S. government is considering granting limited authorizations to Chevron and possibly other partners of Venezuela's PDVSA. This potential policy shift could allow these companies to operate in Venezuela despite ongoing U.

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.