The United States replaced license 44 with license 44A: which authorizes a period until May 31 to wind down transactions related to oil and gas operations in Venezuela. It also allows for companies currently operating to apply for new licenses, a la Chevron.
While its economic effect is subjected to intense debate, its political impact is more clear. Here’s an overview of the conflicting stances around how these measures affect our economy and our people
The U.S. didn’t renew General License 44. Instead, it replaced it for “wind down” license 44A. What does it mean?
Folks, we did it. Now you will be able to read some Caracas Chronicles posts in español.
