Featured

U.S. Treasury extends critical license for American energy companies in Venezuela

With election legal challenges continuing, and with less than 3 months until the end of President Donald Trump’s term in office, the Trump administration continues to project its strong pro-American foreign policy agenda across the globe, and in particular in the Middle East and the Western Hemisphere.

As it was widely expected, Trump’s U.S. Treasury department just extended a license to five American energy companies to continue working in Venezuela until June 3, 2021.

The license, which has been renewed six times, was up for renewal on December 1, 2020.

The license extension provides a waiver that exempts Chevron, Halliburton, Schlumberger Ltd, GE company Baker Hughes and Weatherford International from sanctions on Venezuela’s oil sector but with significant limitations. These are the same limitations that were included in the last waiver and which do not authorize the companies to drill, sell ship,s or trade Venezuelan oil.

The license allows these five U.S. companies to carry out transactions in the country that are essential to preserve their assets, keep employees safe and pay contractors.  It should be noted that the waiver does not require the companies to close their operations or exit the country by that date.

“Chevron will continue to comply with applicable laws and regulations in relation to the activities that it is authorized to undertake in Venezuela. We remain committed to the integrity of our joint venture assets, the safety and wellbeing of our employees and their families, and the company’s social and humanitarian programs during these challenging times,” stated Chevron Spokesman Ray Fohr.

OFFICE OF FOREIGN ASSETS CONTROL (Link)

Daniel Molina

Daniel Molina is an award-winning senior reporter based in Miami. He holds a bachelor’s degree in English Literature from Florida International University.

Recent Posts

LONESTAR — 8.8.2025 — FBI Responds to Request to Locate Texas Democrats — Crockett Calls Cornyn a 'Bipartisan' Republican — and More...

The Federal Bureau of Investigation has responded to a request from U.S. Senator John Cornyn…

1 hour ago

Gov. Pritzker Rejects Calls for FBI Arrests of Texas Democrats in Illinois

Illinois Governor JB Pritzker (D) dismissed suggestions that FBI agents could arrest Texas Democratic lawmakers…

15 hours ago

Texas Power Grid Facing Significant Surge in 2026

The Lone Star state is expected to become the epicenter of America’s energy demand boom…

20 hours ago

Texas Policy Research Opposes Bill Eliminating STAAR Test

As Republicans move to pass a bill that would eliminate the STAAR exam, organizations like…

20 hours ago

Texans Know Texas Best and Should be in Charge of Their own Energy Future

At a time when millions of Americans are concerned about global energy independence and what…

21 hours ago

Crockett Praises Senator Cornyn as 'Bipartisan' Republican

During an interview on MSNBC, Rep. Jasmine Crockett (D) dismissed the Texas Republicans letter to…

22 hours ago