The United States last year imposed sanctions that barred imports of Venezuelan oil and transactions made in U.S. dollars with Venezuela’s state-run oil company PDVSA.
Chevron and oilfield service firms Baker Hughes Co , Halliburton Co , Schlumberger NV, and Weatherford International have regularly received permission to remain in the country.
Chevron has said it would lose about $2.7 billion in assets if required to leave the country.
The Treasury also on Saturday issued a license allowing transactions related to PDVSA’s 2020 bond, which is backed by shares in U.S. refiner Citgo Petroleum Corp. That license begins on April 22, replacing a previous license that last year had authorized transactions from Jan 22.
Chevron and oilfield service firms Baker Hughes Co , Halliburton Co , Schlumberger NV, and Weatherford International have regularly received permission to remain in the country.
Chevron has said it would lose about $2.7 billion in assets if required to leave the country.
The Treasury also on Saturday issued a license allowing transactions related to PDVSA’s 2020 bond, which is backed by shares in U.S. refiner Citgo Petroleum Corp. That license begins on April 22, replacing a previous license that last year had authorized transactions from Jan 22.