U.S. prepared to authorize Chevron to boost Venezuela's oil output
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, four people familiar with the matter said on Wednesday.
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.
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.
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…