Chevron’s Return Offers Temporary Relief to Venezuela’s Struggling Economy

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The coordinator of the International Center of Energy and Environment (CIEA) of Venezuela, Oswaldo Felizzola, indicated that, in case an agreement of payment in species by the U.S. energy Chevron to the state Oils of Venezuela S.A (Pdvsa), both companies could commercialize the sale of the oil production [...] La entrada Felizzola: Chevron and PDVSA could agree to sell the oil production independently was first published in Foco Informativa.

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Leopoldo Puchi The objective was to cut the source of income, to Venezuela, to cause shortage of currency and to stimulate social discontent The Trump administration has again authorized Chevron to operate in Venezuela, just four months after having revoked the license that allowed it. The measure emphasizes a pragmatic orientation in relations with Venezuela. However, this decision was accompanied by the inclusion of the so-called “Cartel de lo…

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Chevron will resume operations in Venezuela with a restricted and confidential license granted by Donald Trump, after almost two months of inactivity. Experts consulted by Crónica Uno agree that the 60-day permit limits planning and poses challenges for PDVSA in payments, exports and foreign exchange collection. Caracas. The presence of Chevron in [...] La entrada Trump's new license to Chevron limits Venezuela's oil planning capacity aparece pr…