Yesterday, Saturday, the United States of America issued an expanded license allowing Chevron to import oil or petroleum products produced by its projects in Venezuela, after the Venezuelan government and opposition announced the resumption of political talks.
This action reflects a longstanding US policy of targeted sanctions relief based on concrete steps that alleviate the suffering of the Venezuelan people and support the restoration of democracy, the US Treasury Department said in a statement published by Reuters.
On Saturday, the US Treasury Department issued a 6-month license allowing Chevron to produce and refine oil in cooperation with Venezuela's PdVSA, and to supply the joint venture's products to the US market.
A spokesman for Chevron said it was reviewing the terms of the license, explaining that the company had announced that the easing of US sanctions would allow it to market its oil production in Venezuela.
The issuance of the license means that Chevron is now able to market the oil currently produced through the company's joint venture assets, Chevron said in a statement. We are committed to maintaining a constructive presence in this country and continuing to support humanitarian social investment programs.”
Chevron added that the decision of the Office of Foreign Assets Control of the US Treasury enhances transparency in the Venezuelan oil sector.
Chevron also confirmed that it will establish business in Venezuela within the framework set by the US authorities.
