US allows wind down of Chevron-Venezuela transactions until April 3

Reuters
03-04
US allows wind down of Chevron-Venezuela transactions until April 3

WASHINGTON, March 4 (Reuters) - The United States on Tuesday said it would allow the wind down of certain transactions related to Chevron's CVX.N joint venture with Venezuela through 12:01 a.m. on April 3, 2025, according to a notice on the U.S. Treasury Department's website.

Representatives for the Venezuelan government did not immediately respond to a request for comment on the move, which comes after U.S. President Donald Trump axed Chevron's Venezuela oil license last week.

(Reporting by Susan Heavey in Washington and Vivian Sequera in Caracas)

((sheavey@thomsonreuters.com; +1-202-898-8300;))

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