Chevron is one of the leading private oil companies in Venezuela. Its presence in the country began with exploration activities in 1923 and the discovery of the Boscán field in 1946. Photograph: Chevron.
Guacamaya, May 20, 2025. The Donald Trump administration plans to extend General License 41, which allows Chevron to operate in Venezuela despite sanctions, for another 60 days. This was first reported by Bloomberg, citing sources with information on the matter.
Trump’s presidential envoy, Richard Grenell, is reportedly on his way to the island of Antigua to meet with senior officials of Nicolás Maduro’s government. The main topic would be the release of an American prisoner in Venezuela.
GL 41 was initially granted by the Office of Foreign Assets Control (OFAC) in 2022. It permits Chevron to resume its operations in joint ventures with PDVSA, mainly to recover its debt.
Grenell already visited Venezuela in January this year to secure the release of six Americans “unjustly imprisoned” in Venezuela. He also achieved the resumption of repatriation flights between the two countries.
Chevron’s license in Venezuela, which was initially scheduled to expire on April 3, was extended until May 27. The extension allows the company to continue its operations in the country for an additional two months, partially reflecting a mutual interest in maintaining energy activity and cooperation between Chevron and Venezuelan authorities.
