In the United States expanded Chevron’s License to Making Oil in Venezuela

The US Department of Finance provided the company until April 3 to complete work in the country, but the White House expanded the deadlines until May 27th.

US President Administration Donald Trump has expanded the license issued by Chevron Corp. For the manufacture and export of oil from Venezuela, until May 27. It has been reported on the US Treasury Department website.

Chevron issued a license to work in the country under the supervision of Joe Biden, in November 2022, but under Trump the license was withdrawn. The US Treasury has provided companies a term April 3 to complete work in the country.

Chevron costs about a -quarter of production and a third of oil exports in Venezuela.

Companies are prohibited:

• Make any tax or royalties to the government of Venezuela,

• Payment of any dividends pdvsa or its structures,

• Selling oil or oil products made by integrated Chevron companies or by them, for exporting to any constituents different from the United States,

• Perform any transactions in the participation of a legal creature located in Venezuela,

• Or a legal creature located in the Russian Federation.

Remember that Donald Trump announced on the same day that from April 2, US authorities will introduce a duty of 25% of goods from those countries to buy oil or gas in Venezuela.

As you know, in early February, Trump said the United States convinced Venezuela president Nicolas Maduro to retrieve the exiled migrants.

At the end of the same month, Trump found out that the oil agreement between the United States and Venezuela canceled.

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