Chevron to lobby White House to keep Venezuelan oil licence

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The story "Chevron to lobby White House to keep Venezuelan oil licence" was covered 13 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 13h ago

Chevron to lobby White House to keep Venezuelan oil licence - Financial Times

Quick Summary:

In an interview with the Financial Times, Chevron’s chief executive Mike Wirth said the company would engage with the White House after Marco Rubio, US secretary of state, said the license should be reconsidered.

Wirth said Chevron was owed a significant amount of money in Venezuela.“Look, we’re running a business.

When Maduro was sworn in for a third six-year term earlier this month, the outgoing Biden administration, alongside the EU and the UK, announced co-ordinated sanctions on Venezuelan officials, though it stopped short of cancelling the exemption licences.