Chevron’s Venezuela Operations Hinge On Unlikely Election Talks ...Middle East

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Chevron’s Venezuela Operations Hinge On Unlikely Election Talks
source : OILPRICE ( Middle East ) () 21
Chevron’s hope for expanding its operations in Venezuela hinge on election talks taking place between disputed Venezuelan President Nicolás Maduro and his opposition, Juan Guaido, according to anonymous Reuters sources close to the matter. Chevron signed over the summer a TSA with Venezuela’s state-run oil company PDVSA, and later asked the U.S. Treasury Department to ease sanctions on the country. The easing of sanctions on PDVSA would allow Chevron greater control over its projects there, and effectively boosting Venezuela’s…

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