U.S. Treasury extends license for Chevron to wind down Venezuela operations

Photo: Mike Blake – Reuters

 

The Treasury Department on Wednesday extended licenses for U.S. oil companies including Chevron (CVX.N) operating in Venezuela until June 1, 2022.

By Reuters – Timothy Gardner and Tim Ahmann

Nov 24, 2021

The licenses authorize transactions with Venezuela’s state oil company PDVSA that are needed for maintenance or wind down of operations. The license also applies to Halliburton (HAL.N), Schlumberger Limited (SLB.N), GE company Baker Hughes (GE.N) and Weatherford International.

Read More: Reuters – U.S. Treasury extends license for Chevron to wind down Venezuela operations

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