Published 1 year ago

U.S. prepared to authorize Chevron to boost Venezuela's oil output

Summary by Ground News

Chevron Corp could soon win U.S. approval to expand operations in Venezuela and resume trading its oil once the Venezuelan government and its opposition resume political talks, Reuters reported on Wednesday.

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Reuters

U.S. prepared to authorize Chevron to boost Venezuela's oil output

1 year ago·United Kingdom

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Washington Times

Biden administration grants Chevron license to expand oil operations in Venezuela

The Biden administration on Saturday issued an expanded license to Chevron Corp, allowing it to produce petroleum or petroleum-based products produced by its joint ventures in Venezuela.

1 year ago·United States

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The Washington Post

U.S. grants Chevron license to pump oil in Venezuela

Under a new Treasury Department license, it will be able to resume pumping oil. The limited license stipulates that any oil produced can only be exported to the United States. No profits from its sale can go to the Venezuelan company but must be used to pay off Venezuelan creditors in the United States.

1 year ago

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Washington Examiner

US prepares to grant Chevron authorization to pump oil in Venezuela

A broken oil well pollutes the water at a neighborhood in Cabimas, Zulia State, Monday, Oct.10, 2022. (AP Photo/Ariana Cubillos) Ariana Cubillos/APUS prepares to grant Chevron authorization to pump oil in Venezuela Breanne Deppisch November 23, 04:45 PMNovember 23, 04:45 PM Video Embed The United States is prepared to grant Chevron a license to pump oil in Venezuela as early as this weekend, pending the resum…

1 year ago·Washington, United States

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Financial Post

Chevron to Resume Venezuela Oil Output as US Eases Sanctions

(Bloomberg) — The Biden administration granted Chevron Corp. a license to resume oil production in Venezuela after US sanctions halted all drilling activities almost three years ago.

1 year ago·Canada

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