The U.S. Government has Extended Chevron’s Waiver From Sanctions on Venezuela

The U.S. Treasury Department has extended Chevron’s exemption from sanctions on Venezuela. This decision will allow the company to continue operating in the South American country until October 25. Chevron is the only U.S. oil operator that has remained in Venezuela since Washington expanded trade restrictions to include deals with the national oil company PdVSA in January.

Posted by Jennifer Delay Iacullo

Jennifer DeLay Iacullo is a freelance writer specializing in global oil, gas, and power engineering topics. She has covered the energy industry of the former Soviet Union, China, Africa, Latin America and North America for more than 20 years. She lives in Atlanta with her family.

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