Chevron granted licence to retain assets in Venezuela following expiry of sanctions GL

30 May 2025

Chevron granted licence to retain assets in Venezuela following expiry of sanctions GLBillion Photos/Shutterstock.com

The US administration has granted an authorisation allowing Chevron to keep assets in Venezuela, sources have told Reuters. The limited authorisation includes Chevron’s stakes in joint oil ventures with sanctioned Venezuelan state-owned oil company...

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Michael O'Kane

Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor. Michael was called…

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