Tag: Chevron operations in Venezuela

Venezuela, Chevron, and the Licenses: Economic Opening or Political Control Strategy?
Since the death of President Hugo Chavez, Venezuela has gone through one of the most complex periods in its recent history. The combination of an economic crisis and unprecedented external pressures has shaped the country’s trajectory. In 2014, the U.S. Congress passed Public Law 113-278 for the “Defense of Human Rights and Civil Society in […]
July 25, 2025

Venezuela Responds to U.S. Decision to Revoke Chevron’s License: “We Have Activated the Plan for Absolute Productive Independence”
“The new U.S. government, intending to harm the Venezuelan people, is inflicting damage on itself by causing an increase in fuel prices and undermining the legal security of investments,” the statement reads. Related: U.S. Gives Chevron a Month to Leave Venezuela In an official statement, the government of the Bolivarian Republic of Venezuela, led by […]
March 4, 2025

OFAC License Renews, Chevron To Continue Operating in Venezuela
General license No. 41, issued by the US Office of Foreign Assets Control (OFAC), was automatically renewed on Saturday, allowing the US oil company Chevron to continue conducting a group of operations in Venezuela. RELATED: Venezuela Condemns U.S. Cancellation of Chevron’s License On 25 February, President Trump declared that he would end the oil export […]