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Gold/Mining/Energy : Chevron Corporation

CVX 136.66

-0.5%

Apr 23 3:59 PM EDT

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From: Sr K	11/26/2022 2:39:45 PM
	1 Recommendation Recommended By Boca_PETE Read Replies (1) of 31

Chevron Gets New U.S. License to Pump Oil in Venezuela Again New license from Treasury Department allows Chevron to return to Venezuela’s oil fields after years of strict sanctions Chevron is now allowed to return to its Venezuelan oil fields in joint ventures with Venezuela’s national oil company.PHOTO: MARCO BELLO/REUTERS By Andrew Restuccia and Collin Eaton Updated Nov. 26, 2022 1:35 pm ET PRINT Listen to article (2 minutes) WASHINGTON—The U.S. said it would allow Chevron Corp. to resume pumping oil from its Venezuelan oil fields after President Nicolás Maduro’s government and an opposition coalition agreed to implement a humanitarian program and continue dialogue in Mexico City on efforts to hold free and fair elections. Following the agreement, the Biden administration granted Chevron a license that would allow the California-based oil company to return to its Venezuelan oil fields in joint ventures with Venezuela’s national oil company Petróleos de Venezuela SA. The new license, granted by the Treasury Department, would permit Chevron to pump Venezuelan oil for the first time in years. Exc Lead story now.

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