Europe EditionU.S. Extends Chevron’s License to Operate in Venezuela
- The U.S. Government granted Chevron a 60-day extension to operate in Venezuela, allowing continued oil production and exports as of May 2025.
- This extension follows a March 30-day notice to Chevron to end Venezuelan operations, reflecting ongoing negotiations amid prior sanctions and tariff impositions.
- Chevron produces about 20% of Venezuela’s oil, aiming to increase Petropiar exports to 143,000 barrels daily, supporting Venezuela’s strained economy despite criticism of aiding an authoritarian regime.
- According to Reuters, more than $1 billion worth of Venezuelan crude oil exports have been relabeled as Brazilian to bypass sanctions, with Malaysia serving as a transit hub and shipments sent directly to Chinese independent refiners known as "teapots."
- The extension suggests cautious U.S. Engagement with Venezuela, as envoy Richard Grenell plans talks with Maduro’s government amid potential shifts in bilateral relations and sanction policies.
12 Articles
12 Articles
U.S. Extends Chevron’s License to Operate in Venezuela
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 de…
Trump Gives Maduro Oxygen: Extends Chevron’s License · Global Voices
New ball of oxygen from the White House to the regime of Nicolás Maduro and to the oil companies that do business with him. Donald Trump’s administration will extend two months the license of the American Chevron to operate in Venezuela. Trump’s special adviser, Richard Grenell, plans to meet in Antigua with envoys of the Maduro dictatorship, in contacts in which the US diplomacy commanded by Marco Rubio is not involved, as ABC may have known. I…
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