U.S. Secretary of State Marco Rubio said on May 21 that Chevron’s oil license in Venezuela will expire at the end of May, as planned.
“The pro-Maduro Biden oil license in Venezuela will expire as scheduled next Tuesday May 27,” Secretary Rubio wrote on social media platform X, without providing further details.
On March 4, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) set April 3 as the deadline for Chevron to shut down operations in Venezuela.
The announcement left Chevron, the only major U.S. oil company still operating in Venezuela, with one month—instead of the usual six months—to cease its activities in the South American country. Twenty days later, on March 24, OFAC announced an extension of the license for the U.S. oil company to operate in Venezuela until May 27….