Chevron’s contractors in Venezuela are continuing operations despite a U.S. deadline to stop oil production by April 3. Local service companies have not slowed down and remain engaged in essential maintenance and operations for Chevron. The Trump administration’s directive aims to pressure the Maduro government for democratic reforms, while Chevron commits to follow U.S. laws regarding sanctions.

Chevron Corporation’s contractors in Venezuela are maintaining operations despite the looming April deadline imposed by the U.S. government. Local service companies involved in Chevron’s joint ventures with Petroleos de Venezuela SA have reported no indications of an impending cessation of work. They continue to provide essential services such as maintaining oil wells, managing power generators, and handling employee housing contracts.

The Trump administration has set April 3 as the deadline for Chevron to halt its Venezuelan oil production, truncating the previously allocated six-month wind-down period. The continued efforts of Chevron’s contractors after this order highlight the complexities the company faces in adhering to the accelerated compliance timeline. This directive aims to exert pressure on Nicolás Maduro’s regime for democratic reforms and the acceptance of migrants from the United States.

Chevron has acknowledged the presidential directive and expressed its commitment to comply with guidance from the U.S. Treasury Department. Spokesperson Bill Turenne stated that the company ensures its operations in Venezuela align with all relevant laws and regulations, including the sanctions framework mandated by the U.S. government.

In conclusion, Chevron’s Venezuelan contractors remain active despite an impending U.S. government deadline to cease operations. The company faces challenges to comply with the accelerated timeline established by the Trump administration, aimed at influencing political changes in Venezuela. Nevertheless, Chevron reiterates its commitment to operating within the legal boundaries set forth by U.S. authorities.

Original Source: www.worldoil.com

Related posts:

U.S. Terminates Chevron’s Oil Export License in Venezuela Amid Political Tensions U.S. Orders Chevron to Halt Venezuela Operations Within 30 Days Trump Administration Revokes Chevron’s License, Orders Quick Exit from Venezuela U.S. Ends Chevron’s Oil Export License, Impacting Venezuela’s Economy