Chevron Receives Opaque Authorization to Conduct Limited Operations Inside Venezuela - Venezuelanalysis

Chevron Receives Opaque Authorization to Conduct Limited Operations Inside Venezuela - Venezuelanalysis

Mexico City, Mexico, May 29, 2025 (venezuelanalysis.com) – Chevron will retain its direct staff and preserve joint-venture assets following US approval of a new sanctions waiver to continue some of its activities inside Venezuela after the May 27 expiry of its previous license. The US oil company, which had been lobbying for yet another extension of its license from the US Treasury Department, has reportedly wound down operations in the South Am…

News of the Day and the Hour Latest News of today Francisco Rodríguez, Venezuelan economist, estimated that after the expiration of the license to Chevron, Venezuela's income from the sale of oil could be reduced by about 10%. The economist and university professor, Francisco Rodríguez, pointed out that the U.S. oil company Chevron maintains "the same status" that it had between 2019 and 2022, which means that it has not left Venezuela. In that…

Latin American Summary, May 29, 2025. Chevron will be able to continue cooperating with PDVSA and maintaining its assets in Venezuela, following a limited authorization approved by the administration of Donald Trump. According to Reuters agency, directors of Chevron and other European companies met with several Washington authorities to continue operating in the [...] Entry Venezuela. The US grants Chevron limited license to maintain its assets …

On Tuesday, May 27, the ultimatum that the government of Donald Trump had given to oil companies around the world to abandon their activities in Venezuela expired. Repsol, one of the Spanish companies that has the most and best assets there, will therefore suffer a damage in its investments that will be exempt from the US Chevron, which has reached a special agreement with Washington. The oil company that runs Josu Jon Imaz sees this revoked the…

Trump will allow Chevron to keep Venezuelan assets – Oil & Gas 360

(Oil Price) – The Trump administration will grant Chevron the right to keep its operations in Venezuela after its sanction waiver expires in June, Reuters and the Wall Street Journal reported separately, citing unnamed sources. According to the sources, Chevron would be able to retain its assets in Venezuela, but would not be able to export oil from the country to the United States. The WSJ wrote that this would reduce the risk of the Venezuelan

The Trump administration has reportedly issued limited authorization for oil company Chevron to maintain assets in Venezuela, including its participation in joint ventures with Petróleos de Venezuela S.A. (PDVSA), according to a Reuters report, citing three sources with knowledge of the matter.