The United States extended the deadline for Chevron to cease operations in Venezuela 🇻🇪🇺🇸
The #U.S. #Treasury Department, through the Office of Foreign Assets Control #OFAC, issued this Monday General License No. 41B, authorizing the gradual reduction of certain transactions related to Chevron's operations in #Venezuela until May 27, 2025. The measure extends the #deadline previously established in General License No. 41A, which set April 3, 2025 as the deadline.with this new authorization, #Chevron will be able to continue managing its joint ventures with Petróleos de Venezuela S.A. #PDVSA under specific #restrictions.
https://ofac.treasury.gov/recent-actions/20250324