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Chevron to end operations in Venezuela

The Trump administration, on Tuesday 21 April, gave Chevron, the last major U.S. oil company still operating in Venezuela, until December 1 to “wind down” …

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The U.S. Sanctions Rosneft trading unit for cooperating with Venezuela

Washington D.C. 18th February 2020 – The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned a unit of Russia’s largest oil producer Rosneft, …

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OFAC. New sanctions, license, and protection on CITGO

Washington D.C. 20th January 2020 – The U.S. sanctioned Luis Parra and other lawmakers, who settled with Maduro’s regime a coup against Juan Guaido and …

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U.S. Treasury Closes Loopholes in Venezuela Sanctions

D.C, 10th December 2019 – U.S. Treasury Department provided further information regarding licenses and sanctions from OFAC affecting Venezuelan assets in U.S. soil. The guidance …

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OFAC shields CITGO from creditors until 22 January 2020

WASHINGTON, D.C., 9th September 2019 – The Office of Foreign Assets Control decided to modify General License 5, which authorizes transactions related to the PDVSA …

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License allowing Chevron’s operations in Venezuela extended for 3 months

CARACAS (Reuters), 22nd October 2019 –  The Trump administration decided to extend the waiver that allows Chevron to operate in Venezuela despite the sanctions imposed by …

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Washington pushes EU for tougher sanctions on Venezuela

WASHINGTON, D.C. (Financial Times), 9th September 2019 – President Donald Trump’s envoy on Venezuela has attacked the EU as “unhelpful” and guilty of “miscalculation” over …

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Chevron Lays Groundwork for Venezuela Exit on Waiver Jitters

CARACAS (Bloomberg), 3rd September 2019 – Chevron Corp. appears to be laying the groundwork to leave Venezuela in the event that the U.S. declines to …

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China’s top energy company shuns Venezuela amid new US sanctions

CARACAS (AlJazeera), 19th August 2019 – China’s biggest energy company is backing away from direct purchases of Venezuelan crude as the Trump administration tightens sanctions …

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by: Administrator

U.S. Venezuela-related sanctions

On March 8, 2015, the US government imposed for the first time sanctions against individuals associated with President Maduro’s government. These first sanctions were initially …

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Recent Posts

  • Venezuela election negotiations set to begin next week in Mexico
  • Chevron license in Venezuela renewed
  • Foreign Secretary Dominic Raab to intervene in case over £1.4bn of gold deposited in the Bank of England
  • Venezuela’s president agrees to meet with opposition
  • A change of approach is needed to resolve Venezuela’s crises

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