DESPITE SANCTIONS, US COMPANY CHEVRON TO KEEP DRILLING FOR OIL IN VENEZUELA

Al Jazeera on 26th July reported that the Trump Administration has renewed Chevron’s licence to drill for oil and gas in Venezuela despite sanctions.  The US Treasury renewed the licence for 3 months to 25th October, with Chevron being the last US oil company operating in Venezuela.  Chevron, which has had a presence in the country for a century, has 4 joint ventures with PDVSA in Venezuela.  The US Treasury also renewed licences for 3 months for 4 oil-field service companies, all have largely halted operations in Venezuela because of the instability.

https://www.aljazeera.com/ajimpact/sanctions-firm-drilling-oil-venezuela-190726174848429.html

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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