U.S. Extends Chevron’s License to Operate in Venezuela ...Middle East

The U.S. federal government will extend a sanction waiver allowing Chevron to keep doing business in Venezuela by another 60-days as negotiations with the Maduro government continue, Bloomberg has reported, citing an unnamed source familiar with developments. The Trump admin in March gave Chevron a 30-day notice to wrap its business in Venezuela and leave, threatening to disrupt the supply of heavy crude for Gulf Coast refineries. Indeed, the decision initially affected Venezuelan crude oil exports, of which 240,000 barrels daily was going to Gulf…

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U.S. Extends Chevron’s License to Operate in Venezuela ...Middle East

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