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20 January, 2020 00:00 00 AM
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US allows Chevron to keep drilling in Venezuela for 3 months

AP, Washington

The Trump administration has granted Chevron a special license to keep drilling oil in Venezuela despite a ban on American companies doing business with President Nicolás Maduro’s socialist government.

The Treasury Department late on Friday renewed until April 22 the license for Chevron and four other US service suppliers that are among the last American companies operating in the oil-rich South American nation. It’s the fourth time the US has exempted the companies from the Venezuela ban.

Chevron, a San Ramon, California-based company,

has operated in Venezuela for almost a century.  Its four joint ventures with Venezuela’s state-run oil monopoly PDVSA produce about 200,000 barrels a day.

That’s about a quarter of Venezuela’s total production, according to the Organisation of the Petroleum Exporting Countries.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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