US extends authorization to Chevron until 2021
The Treasury Department announced that the company, along with four other companies, will be able to continue with their operations in the country
The United States Department of the Treasury extended the permit to operate in Venezuela held by Chevron and four other oil companies until June 3, 2021, according to a statement.
The previous deadline for Chevron, which is the only major North American oil company that continues to operate in the South American country, was December 1st.
The 180-day extension granted to Chevron also applies to other US companies such as Schlumberger, Baker Hughes, Weatherford or Halliburton, which in April completely ceded all their operations in the country.
The new license will only allow companies to carry out transactions “necessary for the limited maintenance of essential operations in Venezuela or the liquidation of operations” with Petróleos de Venezuela (PDVSA).
Likewise, the new scheduled date does not imply changes in the operations of the oil company in the country, which prevents Chevron from drilling, extracting, buying or processing crude oil or petroleum products of Venezuelan origin.
K. Tovar
Source: infobae
