Oil – US gives Chevron limited license to pump oil in Venezuela | Forexlive

On Saturday the US Treasury Department said it had authorized Chevron to resume “natural resource extraction operations.”

Chevron may now resume activity in its oil fields alongside a joint venture with the Venezuelan national oil company, Petroleos de Venezuela SA.

Chevron had been banned from pumping due to US sanctions against the government of Venezuelan President Nicolás Maduro.