The U.S. plans to extend Chevron’s deadline to stop operations in Venezuela by at least 30 days, following lobbying efforts. This extension comes amid an existing deadline expiring on April 3, with conditions for any tax revenues aimed at aiding migrant deportations.
The United States government is reportedly planning to extend the deadline for Chevron Corp. to cease its operations in Venezuela by at least 30 days. This decision follows considerable lobbying by the Texas-based oil corporation. Although U.S. officials have indicated that Chevron will receive additional time, they have not provided specific details regarding the length of this extension, which is set against the backdrop of a deadline that expires on April 3.
In summary, the U.S. government’s potential extension of Chevron’s operations in Venezuela reflects the ongoing negotiations around sanctions and the Maduro regime. The extension, expected to be tied to conditions regarding tax revenues, represents a delicate balance of interests and pressures as the administration seeks to promote democratic reforms while considering economic implications.
Original Source: www.worldoil.com
