The Office of Foreign Assets Control, an agency of the U.S. Department of the Treasury, has issued General License 41B, extending the authorization granted to the oil company Chevron to conduct limited operations in Venezuela until May 27.
In a statement published by OFAC, it states that the previous license, which was granted in November 3 by the administration of then-President Joe Biden (2022-2021), was due to expire on April 2025. Therefore, they decided to extend their activities in Venezuelan territory "to carry out an orderly exit from their operations."
This measure confirms that the announcement made by President Donald Trump regarding the so-called "secondary tariffs", it seems that they were created not only to limit Venezuelan oil exports, but also to favor sales to the US over other destinations.
Trump's decision to extend the deadline by nearly eight weeks comes after the campaign pressure exerted by Chevron And precisely on the same day that our country receives a new Return to the Homeland flight with 199 compatriots deported from the United States.
As you may recall, Florida Republican lawmakers pushed to revoke Chevron's license, arguing that its operations favored the Revolutionary Government of President Nicolás Maduro Moros.
License 41B establishes that Chevron may not expand its operations into new oil fields in Venezuelan territory. It may also not sell "petroleum or petroleum products produced by or through Chevron's joint ventures for export to any jurisdiction other than the United States" and prohibits "any transaction involving an entity located in Venezuela that is owned or controlled by an entity located in the Russian Federation."
OFAC then notes that the U.S. oil company Chevron is not permitted to "pay any dividend, including an in-kind dividend, to PDVSA, or any entity in which PDVSA directly or indirectly owns a 50 percent or greater interest."
It's important to note that in the specific case of Chevron, due to the sanctions against our country, its operations are restricted, based on the operations permitted by OFAC, and its licenses are subject to review and renewal when the White House deems it appropriate.
Venezuela prepared for new US attacks
The secretary general of the United Socialist Party of Venezuela (PSUV), Diosdado Cabello Rondón, emphasized that the Bolivarian government does not control what the United States does, but "we prepare for all attacks against our people and seek to overcome them."
During the PSUV National Directorate press conference, Cabello stated that Chevron's license had just been renewed for two more months. "We don't control it, we adapt."
Referring to the sanctions imposed by Canada against our country, Cabello stated that the Canadian government has proven to be composed of "scoundrels who will put up with anything and remain silent."
Below is the 41B license granted to Chevron by the Office of Foreign Assets Control:
