The government of former US President Joe Biden, ignoring sanctions, allows Chevron Oil Group to transfer hundreds of millions of dollars to the Venezuelan government.
As declared BloombergWe are talking about a secret addition to the common license of the US Treasury, which officially allows the company to limit financial transactions in Venezuela, while directly prohibiting any tax payment, royalties and dividends for the Nicholas Maduro government.
In 2023, the company declared tax debts with the amount of about $ 300 million for the Venezuelan government.
The administration of President Donald Trump has terminated the agreement and requirements from the Texas oil giant to limit activities in Venezuela, the article said.
Back in 2023, there was a report that Chevron and European companies intend to increase oil production in Venezuela.
In Rebelión, note that The United States wants to catch Venezuela oil by any means.