Chevron says activities in Venezuela permitted by U.S. Treasury

WASHINGTON (Reuters) – Chevron Corp on Thursday said its operations in international crude marketing through joint ventures in Venezuela are permitted by the U.S. Treasury and pay for expenses related to maintenance of operations.

Chevron operates in Venezuela through joint ventures with Petroleos de Venezuela, or PDVSA. The activities “are permitted under OFAC General License 8E to pay for expenses related to the maintenance of operations,” Ray Fohr, a Chevron spokesman said.

A senior official on Wednesday said oil firms, including Reliance, Russia’s Rosneft <ROSN.MM>, Spain’s Repsol <REP.MC> and Chevron <CVX.N>, need to tread cautiously in their activities in Venezuela, in an attempt to ramp up pressure against Venezuelan President Nicolas Maduro.

(Reporting by Timothy Gardner)

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