Trump administration renews 3-month license for Chevron in Venezuela

WASHINGTON, Oct 21 (Reuters) – The U.S. Treasury Department on Monday renewed a license allowing Chevron, the last U.S. operating company in Venezuela to continue operating in the country for another three months through Jan. 22, 2020.

The Treasury Department said the license does not authorize transactions related to shipments of diluents, which Venezuela uses to thin its heavy oil for consumption.

Reporting by Makini Brice and Timothy Gardner

This post was originally posted on Reuters: Company News – View Original Article

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About the Author

Have lived and invested in Venezuela full time for the last eight years and visited for each of twelve years prior to that. Studied and closely followed developments in Venezuela since 1996.