America on Tuesday renewed for six months a license that authorizes a gaggle of US oil service firms to protect property in Venezuela, sustaining long-standing restrictions that forestall them from drilling, processing or dealing with any barrel of oil of Venezuelan origin.
The license, issued by the Treasury Division, was first granted in 2019 to Halliburton Co., Schlumberger, Baker Hughes and Weatherford Worldwide LLC, together with US producer Chevron Corp., by the Trump administration.
In November, the Treasury granted Chevron a separate license to increase its operations in Venezuela and export crude to america, however upheld the restrictions for oil service firms.
The license this Tuesday prolonged that authorization to service firms to maintain their property in Venezuela till November 19, in response to the doc printed by the Treasury.
A number of the 4 firms have drills and different specialised tools saved in Venezuela.
The license permits them to maintain these property, workplaces and personnel within the nation, however doesn’t authorize any core actions with state-owned PDVSA or its joint ventures, similar to drilling or nicely upkeep.