Trump Ready to End Chevron’s Sanctions Waiver in Venezuela - Bloomberg
▻https://www.bloomberg.com/news/articles/2020-02-27/chevron-likely-to-lose-reprieve-on-u-s-sanctions-in-venezuela
The Trump administration is ready to unleash the full impact of sanctions on Chevron Corp.’s operations in Venezuela as the U.S. seeks to further squeeze the Maduro regime.
While no decision has been made, it’s increasingly unlikely that the U.S. will again extend to Chevron a waiver to access Venezuela’s crude reserves, people familiar with the matter said.
The Treasury Department last month granted Chevron its fourth waiver since sanctions were announced in late 2018. When that expires on April 22, it probably won’t be renewed, the people said, speaking on the condition of anonymity because they weren’t authorized to discuss the matter publicly.