The company cites Venezuela's economic crisis but President Nicolas Maduro says the factory will continue production under worker control.
Critics say the "petro" is illegal, but President Nicolas Maduro believes it will have a "great impact" on the country's embattled economy.
The White House wants to ensure U.S. banks cannot be used to help finance the expansion of undemocratic rule in Venezuela.
S&P 500 companies with $11 billion in monetary assets in Venezuela could get hit hard by the country's currency controls.
