Iran has been providing naphtha to Venezuela as part of an oil cooperation agreement,” it was explained. Chevron used to operate on a limited basis in Venezuela due to former President Donald ...

Chevron started preparing to reanimate operations at its joint ventures in Venezuela last year while submitting a license request to the U.S. Treasury Department, following an agreement with PDVSA.

The White House has eased sanctions by authorizing energy supermajor Chevron to extract and export oil from Venezuela. Venezuela only pumped an average of 693,000 barrels per day in November 2022.

Chevron started preparing to reanimate operations at its joint ventures in Venezuela last year while submitting a license request to the U.S. Treasury Department, following an agreement with PDVSA.

The California-based oil giant has seen production rise at its four joint ventures (JV) in Venezuela despite the poor state of the country’s infrastructure, Chevron Chairman and CEO Mike Wirth said ...

Since then, the White House has eased sanctions by authorizing energy supermajor Chevron to extract and export oil from Venezuela which ... an already overwhelming humanitarian crisis where ...