“Chevron conducts its business globally in compliance with laws and regulations applicable to its business, as well as the sanctions frameworks provided for by the U.S. government, including in Venezuela,” the company said in a statement in July. A production boost in Venezuela led by Chevron would also narrow the differential between light and heavy crudes on the international market, Rystad said, and provide much-needed diversification in the heavy crude segment. “We are committed to the people of the country and would like to be there as part of rebuilding Venezuela’s economy in time when circumstances change,” he said at an investment conference in November, as quoted by the Wall Street Journal.
Author: Charles Kennedy
Published at: 2025-12-23 23:00:00
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