Welligence Venezuela | OFAC orders Chevron to wind down operations in Venezuela
March 11, 2025
It’s official, Chevron has been ordered to cease activities in Venezuela. The Office of Foreign Assets Control (OFAC) issued General License (GL) 41A on 4th March 2025, giving the company 30 days to wind down its operations. This reverses GL 41, the license under which Chevron is currently operating.