US authorizes Chevron to extract oil from Venezuela
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The license came after Nicolás Maduro’s government and the opposition resumed a humanitarian accord
The United States on Saturday (Nov 26, 2022) authorized Chevron Corporation to resume limited oil extraction operations in Venezuela. The US government said the action “Provides relief from obstructions” imposed on the country.
The decision comes after Nicolás Maduro and the United Platform government, which opposes the current administration, announced a humanitarian agreement to benefit the Venezuelan people to resume negotiations for the 2024 elections.
“GL 41 [Licença Geral da Venezuela] Chevron only authorizes activities related to joint ventures in Venezuela and does not authorize other activities with PdVSA [Petróleos de Venezuela – empresa estatal venezuelana]. Other Venezuela-related sanctions and US-imposed restrictions remain in place.R,” he says US Treasury Department report.
According to the US government, the announcements of the Unitary Platform and the Maduro government “Important steps in the right direction to restore democracy in the country”.
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