U.S. renews Chevron's Venezuela license through November under same restrictions [Reuters]
Weatherford International plc - Ordinary shares (WFRD)
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Source: Reuters
Venezuela through the end of November under the same restricted terms granted to the company since 2020. FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, April 25, 2013. REUTERS/Mike Blake Chevron this year has doubled down on efforts to negotiate expanded privileges in its license, mainly to receive billions of dollars of pending debt by trading cargoes of Venezuelan oil. It also has sought unsuccessfully to gain some control of its joint ventures with Venezuelan state-run oil firm PDVSA. The possibility of Venezuelan crude returning to the United States, once its largest single market, also had been discussed by U.S. officials at a high-level meeting in Caracas in March. However, obstacles to resuming political talks between Venezuelan President Nicolas Maduro and opposition leader Juan Guaido, recognized by Washington as Venezuela's rightful leader, ultimately limited expectations over the Chevron license reach this time. U.S. officials want to see p
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