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OFAC issues General License 41 allowing Chevron limited Venezuela production

On 26 November 2022 the US Treasury issued Venezuela General License 41, allowing Chevron to resume limited production and export from joint ventures with PDVSA. Neighbouring Barbados 2023 later widened licences as a child. In the causal graph this event weakens Sanctions Pressure, a driver that strengthens Poverty headcount ratio at $3.00 a day (2021 PPP) (% of population) — an improving welfare path.

Sources: [1][2]

Read the full account

On 26 November 2022 the US Treasury issued Venezuela General License 41, allowing Chevron to resume limited production and export from joint ventures with PDVSA. Output later rose from very low levels. He did not write the OFAC licence. Store complex.

Context

2019 PDVSA designation sat as parent. Neighbouring Barbados 2023 later widened licences as a child. He did not sit as OFAC.

OFAC January 2019 is the parent designation. Barbados October 2023 is a later licence-weather child.

The President of Venezuela heads the national executive, commands FANB as commander-in-chief, appoints the cabinet, and can request enabling laws. He does not write an OFAC designation, an ICC Pre-Trial Chamber decision, or a Colombian migration statute. A CNE announcement is not an opposition acta and is not a Carter Center finding. Those three statuses stay on separate rows. An ICC investigation is not a conviction. An IMF figure is labelled as an estimate where BCV stopped publishing. Sanctions after 2017 and 2019 are an external causal factor; they do not erase the pre-2017 PDVSA-and-policy collapse.

Why it matters

The path is energy security and sanctions pressure: a completed licence-and-barrel rebound that is US-authored on the licence side and PDVSA-hosted on the well side.

Who was responsible

Contribution type and responsibility level for each recorded actor — not sole-author shorthand.

  • Nicolás Maduro

    Person

    Direct responsibility

    responsibility level 0.4 · verified

    Treasury licensed. Chevron operated. He owned PDVSA’s political weather. Pre-2017 decline remains a parent.

What changed

Fact → Driver → Indicator. Relationship strength orders the paths; it is not the observed indicator movement.

Evidence

The sources behind this fact and its verification state.

Verified2 sources on file
  1. 1.Reuters — US allows Chevron to resume limited Venezuela oil outputReuters · High credibility · verified
  2. 2.US Treasury — Venezuela General License 41 and related Chevron authorisations, 26 November 2022U.S. Department of the Treasury · High credibility · verified
What the sources establish

U.S. Department of the Treasury carries the official instrument or communique. Reuters records the same dated act independently.

Established: 26 November 2022 GL 41, independently reported; later output rebound is the same path’s calendar.

Not established: that he wrote the Treasury licence, or a unique later ENCOVI poverty coefficient from that Saturday.

Chevron operated. He owned PDVSA’s political weather. Pre-2017 decline remains a parent.. A later repeal, court stay, or successor order would be a different Fact with a different date. That pair identifies OFAC issues General License 41 allowing Chevron limited Venezuela production, not a later speech about OFAC issues General License 41 allowing Chevron limited Venezuela production.

Co-authors and later implementers named in Context remain on the file. If a later repeal, stay, or successor instrument exists, it needs its own date and its own row. The contribution described on this Person row is limited to Treasury licensed. Chevron operated. He owned PDVSA’s political weather. Pre-2017 decline remains a parent. That limit is the alternative to treating office-holding as authorship of every later series.

Causal path

How this event connects to drivers and indicators in the graph.

  1. ActorNicolás Maduro
  2. contributed toFactOFAC issues General License 41 allowing Chevron limited Venezuela production
  3. weakensDrivers (2)Sanctions Pressure
  4. strengthensIndicatorPoverty headcount ratio at $3.00 a day (2021 PPP) (% of population)

Cite this page

Factrail. (2026). OFAC issues General License 41 allowing Chevron limited Venezuela production. Factrail. https://factrail.ai/facts/ve-chevron-2022

https://factrail.ai/facts/ve-chevron-2022

Accessed 15 October 2026.

By the Factrail desk · Method: how we source and score · Last reviewed

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