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Maduro said a new permit for Chevron ( CVX ) would come
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PDVSA readies future cargo deliveries, but tankers have
not
returned
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US supports Venezuela's 'restoration of democratic order,'
Secretary Rubio said
By Marianna Parraga and Sheila Dang
HOUSTON, July 29 (Reuters) - About a half dozen foreign
partners of Venezuela's state-owned oil company PDVSA are
awaiting authorizations from the U.S. Treasury and State
departments, following talks last week about fresh licenses to
allow them to operate in the sanctioned South American country,
according to six company sources.
The companies' licenses, including a key one for U.S. oil major
Chevron ( CVX ), were revoked by President Donald Trump's
administration in March over the Venezuelan government's
response to migration issues and what Trump said was its lack of
progress toward restoring democracy.
Venezuelan President Nicolas Maduro said last week that Chevron ( CVX )
had informed his government about a fresh authorization to come,
and PDVSA began preparations to allocate oil cargoes to its
joint-venture partners in coming months, once authorized.
But companies including Chevron ( CVX ), Italy's Eni,
Spain's Repsol, France's Maurel & Prom and
India's Reliance Industries are still waiting for the
licenses, the sources said.
Most of the companies are minority stakeholders in key oil and
gas projects with PDVSA, while others including Reliance are
among Venezuela's largest buyers of oil. In the first quarter
this year, before their licenses were canceled, they were
responsible for about 40% of the country's total 881,000 barrels
per day of exports.
Some firms have informed staff and contractors in Venezuela
about permits to come, without elaborating on dates or terms,
according to two of the sources.
Chevron ( CVX ) declined to comment specifically on the licenses.
The company said it conducts its business globally in compliance
with laws and regulations, as well as the U.S. sanctions
framework.
A spokesperson for Maurel & Prom told Reuters in an email on
Tuesday that the firm has not received any license yet. Eni,
Repsol, Reliance and PDVSA did not immediately reply to requests
for comment.
Secretary of State Marco Rubio said on Sunday the U.S.
remained firm in its "unwavering support to Venezuela's
restoration of democratic order and justice."
Rubio had in May blocked a move by U.S. special envoy Richard
Grenell to extend the period in which the previous
authorizations for oil operations were allowed to wind down. He
did not refer to the oil authorizations in Sunday's release.
The Treasury Department did not immediately reply to a
request for comment on the licenses. A State Department
spokesperson said they would not comment about any specific
licenses, but the U.S. government would not allow Maduro's
administration to profit from the sale of oil.
Chevron ( CVX ) has not yet instructed tankers' owners or captains
to go to Venezuelan waters for an eventual resumption of oil
cargoes, while PDVSA's loading schedules do not show any
supplies to its joint-venture partners for July, according to
shipping documents and sources.