US president Joe Biden's administration will keep intact the broader sanctions policy toward Caracas and maintain restrictions on Chevron's operations in Venezuela for another six months. The US Treasury Department on 27 May extended a sanctions waiver for Chevron and services companies Schlumberger, Halliburton, Baker Hughes and Weatherford to maintain a minimal presence in Venezuela. The waiver, which will be in effect until 1 December 2022, maintains strict conditions designed to prevent Chevron from drilling, lifting, purchasing or processing Venezuelan-origin crude or oil products. The administration just last ... (full story)