the U.S. government granted Chevron a license to resume extraction activities in Venezuela. General License (GL) 41 was issued November 26, 2022, as a nod to a humanitarian agreement between the ...
The United States loosened oil sanctions on Venezuela in October following an election guarantee agreement between the South American country's government and its political opposition. Chevron has ...
License terms are designed to prevent state-run oil firm Petróleos de Venezuela, known as PDVSA, from receiving proceeds from Chevron’s petroleum sales, U.S. officials said. The license lasts ...
Notably, in October, the U.S. eased oil sanctions on Venezuela following an agreement between its government and its political opposition, reported Reuters. Chevron holds a separate authorization ...
A joint venture (JV) between Chevron Corporation CVX, a U.S. oil giant, and Venezuela's state oil company PDVSA has initiated its new drilling campaign. This is part of CVX’s plan to ...
Chevron has U.S. authorization to operate in Venezuela with its joint ventures with PDVSA, while the U.S. Administration also currently allows exports and trade of Venezuelan crude oil under ...
President Joe Biden’s administration reimposed oil sanctions on Venezuela, ending a six-month reprieve after determining that Nicolas Maduro’s regime failed to honor an agreement to allow a ...
Chevron Corporation CVX ... This decision, made in response to the political turmoil and ongoing humanitarian crisis in the Southeast Asian nation, highlights the challenges faced by multinational ...
The United States loosened oil sanctions on Venezuela in October following an election guarantee agreement between the South American country's government and its political opposition. Chevron has a ...