Chevron, European Firms Lobby to Keep Stakes in Venezuela Oil Joint Ventures – Oil & Gas 360

Chevron, European firms lobby to keep stakes in Venezuela oil joint ventures – Oil & Gas 360

(Investing) – U.S. oil producer Chevron Corp (NYSE:CVX) and several European companies are in talks with the Trump administration to obtain authorizations to keep their stakes in joint ventures with Venezuela’s state-run PDVSA, three sources close to the matter said. Washington in March revoked licenses and authorizations it had granted in recent years that allowed PDVSA’s foreign partners and customers to do business with Venezuela, which is und

News on the Day and the Hour Latest News today Chevron and several European oil companies pressure the U.S. government to allow them to maintain their shares in joint ventures with Venezuela Oils (Pdvsa), revealed sources to Reuters. In March, Washington revoked licenses and authorizations it had granted in recent years. These allowed Pdvsa's foreign partners and customers to negotiate with the Caribbean country to export crude to the U.S., Eur…

Washington revoked in March a set of licenses and authorizations it had granted in recent years to operate in that country

16-05-25.-The US oil company Chevron, as well as several European energy companies are in talks with the government of Donald Trump, with the objective of obtaining authorizations that allow them to maintain their participation in joint ventures with the Venezuelan state Oils of Venezuela...

For the oil policy expert, Rafael Quiroz, Venezuela’s company Petróleos, S. A. (Pdvsa) “is not in operational condition today to manage 100% of crude oil production in the country.” Following the recent sanctions imposed by Donald Trump’s new presidential administration from the United States, the National Government has been “encumbranced” to manage possible oil agreements with other subsidiaries and thus replace Chevron. In the program In Este…

Chevron, European Firms Lobby to Keep Stakes in Venezuela Oil Joint Ventures - Energy News, Top Headlines, Commentaries, Features & Events

More clarity needed to complete closure of activities, experts say Some firms willing to sacrifice exports if they can preserve joint venture stakes Chevron not giving up on convincing Trump that presence in Venezuela key for energy security May 15 (Reuters) – U.S. oil producer Chevron Corp (CVX.N) and several European companies are in talks ...