Chevron granted restricted U.S. license to operate in Venezuela, sources say
ReutersJul 30, 2025 2:38 PM
HOUSTON, July 30 (Reuters) - U.S. oil producer Chevron CVX.N has been granted a restricted U.S. license to operate in sanctioned Venezuela, three sources close to the decision said on Wednesday, adding that no money from oil proceeds can be transferred in any way to the administration of President Nicolas Maduro.
The authorization opens a new window for oil business in Venezuela only two months after a deadline previously set by Washington for partners of state company PDVSA to wind down transactions, including oil exports.
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