The US extends until May 27, 2025 for the cessation of operation of the Chevron oil company in Venezuela

The United States on Monday until May 27 to the Chevron oil producer to end its oil operations and exports from Venezuela, according to the Treasury Department.

The 41b license allows Chevron and its subsidiaries manage the closure of their activities in the country, including its joint companies with Petróleos de Venezuela, SA (PDVSA) or any entity in which PDVSA Have a participation of at least 50 %. However, it imposes restrictions such as the prohibition of paying taxes or royalties to the Government of Venezueladistribute dividends to PDVSA and sell oil out of USA.

The General license 41b It will enter into force on March 24, 2025, completely replacing the General license 41a.