The move reverses Trump's withdrawal of a permit earlier this year, and could draw criticism from Venezuelans in Florida who fled the Maduro regime.

The Trump administration revoked Chevron’s Biden-era license to pump oil in Venezuela earlier this year. The move was championed by hard-line critics of Maduro’s government, including Rubio and key Florida Republicans in Congress, whose support Trump needed for his domestic policy package.

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,