Chevron May Get Sanctions Loophole in Venezuela ...Middle East

OILPRICE - Economy
Chevron May Get Sanctions Loophole in Venezuela
source : OILPRICE ( Middle East ) () 50
The Trump administration is reportedly considering granting limited authorizations to a handful of oil companies operating in Venezuela, with Chevron first in line. The move would mark a shift from Washington’s hardline stance earlier this year, when key licenses were revoked and U.S. firms were ordered to wind down all activity with PDVSA, Venezuela’s state oil company. According to sources familiar with the discussions who spoke to Reuters, the new authorizations would allow Chevron and potentially some European partners like Eni…

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