The Fight Over American Involvement in Venezuelan Oil

The Fight Over American Involvement in Venezuelan Oil

Latin America The Fight Over American Involvement in Venezuelan Oil Chevron’s license to operate in the Venezuelan oil fields will lapse soon—or will it? Credit: ded pixto/Shutterstock The Trump administration is sending mixed signals about the future of the American presence in Venezuela’s oil fields. Special Envoy Ric Grenell told Steve Bannon Tuesday on the latter’s War Room program that President Donald Trump had authorized an extension of …

The Trump administration is preparing to issue a limited license to Chevron Corp., which will allow it to carry out minimal maintenance of essential operations in Venezuela, according to people familiar with the matter.By Bloomberg The Treasury Department plans to grant the exemption that allows Chevron to perform only critical maintenance and security functions in the South American country sanctioned, according to sources, which asked not to b…

Special Envoy Richard Grenell had promised Caracas a 60-day extension of the sanctions waiver for the oil project

Trump’s special envoy to negotiate with Maduro had announced a 60-day extension, denied by the White House