Chevron Corporation is authorized to reactivate operations in Venezuela

The Office of Foreign Assets Control of the US Treasury Department (OFAC) authorized the company Chevron Corporation to resume operations in Venezuela.

This after the signing of the Second Partial Agreement, signed by the National Government and the opposition sector that integrates the «U» Unitary Platform, in Mexico.

Following this announcement and in accordance with US government policy, the Treasury Department’s Office of Foreign Assets Control (OFAC) issued Venezuela General License (GL) 41, which authorizes Chevron Corporation to resume limited operations for the extraction of natural resources in Venezuela”, states the statement from the Department of Treasury.

This license – as details the text – «indicates that US persons are authorized to provide goods and services for certain activities, as specified in GL 41 and that non-US persons generally do not run the risk of exposing themselves to US sanctions.»

In the text, the US government also welcomes the progress in the dialogue between the National Government and the opposition sector:

«The United States welcomes and supports the reopening of negotiations (…) as part of our long-standing policy of supporting the peaceful restoration of democracy,» reads the text.

This Second Partial Agreement aims at the recovery of legitimate resources, property of the Venezuelan State and that are blocked by the sanctions against the country; in order to address social needs and attend to the problems of public services.

Earlier, the head of the government delegation and President of the National Assembly, Jorge Rodríguez, pointed out that, with the signing of this agreement, the National Government recovers more than three billion dollars, which will be used as funds for social care of the society.