The energy company Chevron obtained this Friday the renewal of its license to operate until November 2022 in Venezuela.

The oil industry in Venezuela, a country that is under the command of President Nicolas Maduro, is subject to US sanctions. Read more in international economic news.

This May 27, the US Treasury Department renewed Chevron’s license as it has been doing since 2020, with the different authorizations that have been granted to the energy company.

The license allows Chevron to carry out “transactions and activities necessary for the security or preservation of assets in Venezuela,” including those that serve to guarantee the safety of personnel and integrity of operations, participation in shareholders’ meetings and payment of invoices. from third parties, local taxes, public services and salaries,

Similarly, the license authorizes the oil services companies Halliburton, Schlumberger, Baker Hughes and Weatherford International to maintain assets in Venezuela.

The US Treasury also granted Chevron an authorization last week that allows the company to hold talks with the Venezuelan government and PDVSA until November. Decision that was cataloged as a possible step for the license to be extended at the end of the current year.

The USA and Venezuela held a meeting
In March 2022, in the context of the oil supply crisis caused by the invasion ordered by Russian President Vladimir Putin in Ukraine, US officials held a high-level meeting with their Venezuelan counterparts in Caracas to explore the possibility of Venezuela’s oil reaching the United States again, however, there was no agreement.

At one point, the United States was the largest single market for oil for Venezuela, until the bilateral relationship fragmented.

At the high-level meeting held in March, the talks stalled due to the difficulties of establishing a dialogue between Maduro and the opposition leader Juan Guaido, recognized by Washington as interim president of Venezuela.

According to sources close to Whashington, US officials would be waiting for Maduro and the opposition to show progress in the negotiation before evaluating the extension of Chevron’s license.