US oil giant Chevron is hopeful that the Trump administration will extend a waiver allowing the company to continue doing business in Venezuela despite tough US sanctions on the South American country. “We are a positive presence in Venezuela, and we are hopeful that General License 8C is renewed so that we can continue certain operations in the country for the long-term,” Chevron spokesman Ray Fohr said in a statement, as cited by Reuters. General License No 8C is a document that authorizes transactions in Venezuela involving its state oil company PDVSA and its entities, according to the US Department of Treasury. Apart from Chevron,
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