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Chevron forced to return unsold Venezuelan oil under US sanctions

Chevron returned several crude shipments to Venezuela after failing to sell them due to US-imposed financial sanctions, despite holding a temporary authorisation to operate until the end of May.

Chevron forced to return unsold Venezuelan oil under US sanctions

CountriesÉtats-Unis
SectorPétrole
ThemePolitique & Géopolitique, Sanctions

US oil company Chevron Corporation has returned unsold crude oil shipments to Venezuela, citing its inability to process payments due to restrictions imposed by US authorities. The return comes despite a temporary licence granted by Washington allowing certain foreign firms to continue operations in the South American country until 27 May.

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