Chevron expects Venezuelan oil exports to the United States to resume in August, his CEO said Fridayafter receiving this week a restricted license from the United Treasury Department to operate in the country and perform crude oil exchanges.
Mike Wirth highlighted at a conference to publicize its quarterly results that exports will begin with a “limited amount” of oil and added that Do not expect the flows to have a significant impact on the results of the third quarter of the company.
It should be remembered that Chevron indicated that their operations will continue to fulfill the regulations of the US government. “Chevron carries out its businesses worldwide in compliance with laws and regulations applicable to its business, as well as the sanctions frames provided by the United States government, even in Venezuela”Said spokesman Bill Turrenne.
Although all the details are known, Chevron’s reactivation would have been part of an agreement that also included the release of US citizens detained in Venezuela and the repatriation of Venezuelans from El Salvador. A key point of this new license is that it does not allow taxes for taxes or royalties to reach the Maduro government directlyas part of the conditions imposed by the United States.
