Chevron gets restricted US license for Venezuela, sources say

The authorization, issued privately to the US oil producer, opens a new window for its oil business in Venezuela only two months after a deadline previously set by Washington for joint-venture partners of state company PDVSA to wind down transactions, including oil exports.

Chevron and a handful of European oil companies, including Spain's Repsol and France's Maurel Prom, had been granted authorizations by the administration of former President Joe Biden, which allowed them to expand operations in Venezuela and export oil to the US and Europe.