US Treasury prepares action regarding Chevron Venezuela General License 41

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 2.Mar.2025, Words: 164) — The US Treasury Department is preparing to take action to wind-down General License 41 (GL41) and other specific licenses as appropriate as they relate to sanctions on oil and gas companies operating in Venezuela.

“We will issue additional guidance to assist implementation concurrent with any changes to the authorization(s),” Treasury said on 2 Mar. 2025 in a statement on its website.