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 ...
Chevron has proposed adding 65,000 barrels per day (bpd) to its Venezuela crude output by the end of this year, Reuters reported in September citing three sources familiar with the matter. The new ...
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 ...
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 ...
Spanish oil major Repsol SA expects production to climb with the addition of two oil fields in a joint venture with Venezuela, where the company is exempt from reimposed US sanctions. The company ...
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 ...
On April 17 the U.S reimposed oil sanctions on Venezuela, which it had relaxed in October after the agreement was signed. Sign up here. Reporting by Vivian Sequera Writing by Julia Symmes Cobb Our ...
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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 ...