The US Treasury granted Chevron a general license allowing transactions by the California-based energy major that service oil production in Venezuela and its export to the United States
MOSCOW (Pakistan Point News / Sputnik - 26th November, 2022) The US Treasury granted Chevron a general license allowing transactions by the California-based energy major that service oil production in Venezuela and its export to the United States.
Transactions performed by Chevron's joint ventures with Venezuelan state oil giant PdVSA are authorized as long as they are related to "production and lifting of petroleum or petroleum products produced by the Chevron JVs."
Sale to, exportation to, or importation into the US of petroleum produced by the Chevron JVs will be allowed as long as it is first sold to Chevron.
Joint ventures will also be allowed to buy and import petroleum production-related goods into Venezuela, including diluents, condensates, petroleum, or natural gas products.
The license does not authorize transactions if the oil is exported anywhere other than the US, payments of taxes or royalties to the Venezuelan government, or transactions involving entities linked to Russia, among other caveats.
