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Report: Chevron granted another 3-month waiver to operate in Venezuela

Chevron Corp. has been granted another three months of operations in Venezuela by the U.S. Treasury Department, bringing the oil major's operations to April 22, Reuters reported.

The Treasury Department imposed sanctions against Venezuela in January 2019 barring imports of oil from the nation, but Chevron has been granted waivers to continue its partnerships with affiliates of state-owned oil company Petroleos de Venezuela SA.

Chevron is the last major U.S. oil company operating in the nation, and the previous waiver was expected to expire Jan. 22.