US authorities have extended Chevron’s license to operate in Venezuela

Halliburton, Schlumberger, Baker Hughes, and Weatherford oilfield service corporations also received permits.

On Tuesday, the US Treasury extended the licenses of the US oil and gas company Chevron and four other corporations to conduct business with the Venezuelan state oil company PDVSA or its controlled enterprises until June 3, 2021.

In addition to Chevron, Halliburton, Schlumberger, Baker Hughes, and Weatherford oil service corporations received the appropriate permits.

The document distributed by the Ministry of Finance notes that additional time is given for conducting critical operations and fulfilling contracts and agreements that ensure the safety of personnel and assets owned by companies.

It is emphasized that this license, among other things, does not allow drilling, production, processing, purchase, transportation, or delivery of any oil or petroleum products of Venezuelan origin, as well as the hiring of new employees.

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