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📰 NEWS | Chevron Receives Opaque Authorization to Conduct Limited Operations Inside Venezuela Chevron has received a new specific license from the US Treasury to operate in Venezuela, though unlike previous ones, the license remains unpublished and details are unclear. Sources say Chevron is barred from oil extraction or exports and must transfer operational control to PDVSA. In response, Venezuela is rerouting crude shipments originally allocated to Chevron toward China, selling through intermediaries to avoid US sanctions. Analysts expect a 15–30% drop in national oil output by late 2025. 🔗 Read the full report here: https://shorturl.at/PBJq4 #Chevron#OFAC#Oil