The president recalled that Chevron has over a century of operations in Venezuela and has demonstrated its interest in investing in the country, complying with the laws and the Bolivarian Constitution. Related: Venezuela: ExxonMobil Finances Sanctions Lobby to Destabilize the Government President Nicolás Maduro has backed recent allegations made by Executive Vice President Delcy Rodriguez […]

The Office of Foreign Assets Control of the U.S. Treasury Department formalized the cancellation of license 41, which allowed the U.S. oil company Chevron to operate in Venezuela. Venezuela’s Vice President and Minister of Hydrocarbons Delcy Rodriguez announced on Tuesday through her social networks that Venezuela has activated a plan of absolute productive independence in […]

“The new U.S. government, intending to harm the Venezuelan people, is inflicting damage on itself by causing an increase in fuel prices and undermining the legal security of investments,” the statement reads. Related: U.S. Gives Chevron a Month to Leave Venezuela In an official statement, the government of the Bolivarian Republic of Venezuela, led by […]

OFAC prohibits Chevron from making payments of taxes, royalties, and dividends to PDVSA. On Tuesday, the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury canceled License 41, which had allowed the oil company Chevron to operate in Venezuela, and gave it until April 3 to leave the South American country. […]

General license No. 41, issued by the US Office of Foreign Assets Control (OFAC), was automatically renewed on Saturday, allowing the US oil company Chevron to continue conducting a group of operations in Venezuela. RELATED: Venezuela Condemns U.S. Cancellation of Chevron’s License On 25 February, President Trump declared that he would end the oil export […]

Washington seeks to extort the Bolivarian people by revoking Chevron’s oil drilling license. On Thursday, the Bolivarian Alliance for the Peoples of Our America – Peoples’ Trade Treaty (ALBA-TCP) harshly criticized the decision of U.S. President Donald Trump to revoke the license to exploit Venezuelan crude oil granted to the oil company Chevron as of […]

Furthermore, she highlighted that such measures have had severe consequences in the past, noting that “these types of failed actions drove migration from 2017 to 2021, with the widely known consequences.” Related: Namibia and Chevron Sign Deal, Developing Offshore Oil Block This Wednesday, President Donald Trump announced the cancellation of the license that allowed the […]

The U.S. politician proposes reconsidering Chevron’s License in this South American country. On Wednesday, Republican Senator Marco Rubio presented his confirmation hearing as the next U.S. Secretary of State, a position he is expected to assume after Donald Trump’s inauguration on January 20. RELATED: Guyana Must Respect Geneva Agreement, Venezuela Warns Known as one of […]

On Monday, Namibia’s state-owned oil company and Chevron have signed an agreement granting the U.S. oil firm an 80 percent operating working interest in an offshore block in the southern African country. RELATED: Namibia: Workshop to Address Agricultural Crisis Under the deal between Namibia’s National Petroleum Corporation (NAMCOR) and Chevron Namibia Exploration Limited (CNEL), a […]