- US Extends License to Allow Chevron to Keep Drilling Oil in Venezuela - Treasury Dept.
US Extends License To Allow Chevron To Keep Drilling Oil In Venezuela - Treasury Dept.
Sumaira FH 1 year ago Fri 26th July 2019 | 09:18 PM
The United States has extended a license that allows the Chevron Corp. and four other oil services companies to continue operating in Venezuela without the risk of sanctions, the US Department of the Treasury said in a notice on Friday
"All transactions and activities ordinarily incident and necessary to the maintenance of operations... are authorized through 12:01 a.m.
The license applies to Chevron, Halliburton, Schlumberger Limited, Baker Hughes and Weatherford International, the notice added.
Chevron, a US company that has operated in Venezuela for nearly a century, previously obtained a license to continue operations in the country without risking sanctions from the US government. The license was set to expire on July 27.