PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 4.Mar.2025) — The Office of Foreign Assets Control (OFAC) issued General License No. 41A on 4 Mar. 2025, authorizing the wind down of certain transactions related to Chevron Corporation‘s joint ventures (JVs) in Venezuela.
Chevron has until 3 Apr. 2025 to wind down its operations in Venezuela, where it has operated for the greater part of 100 years.
RELATED: Why Chevron Venezuela Matters
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By Piero Stewart reporting from Panama City. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
