The United States Treasury Department renews this one 21-A license permitting Chevron to continue operating in Venezuela for another three months until 22nd of 2020.
Tesoro says the license does not authorize transactions related to diluent shipments, which Venezuela uses to transform its heavy oil into greater commercial value.
Licenses, which have been in force since July 26, are for Chevron, Halliburton, Schlumberger, Baker Hughes and Weatherford International.
Chevron, the last American company that produces oil in Venezuela, faced the expiration of the 25th of October with a special exception that allows it to do business.
“We are a positive presence in Venezuela, and we hope the General 8C license will be renewed so that we can continue operations in the country at large,” said the past past 18-o Ray Fohr, spokesman for Chevron, in a statement. “We have dedicated investments and a great job security that depends on our presence,” he said.
The United States continues to tighten sanctions against Venezuela in an attempt to provoke President Nicolás Maduro's exit.