Chevron to Keep Venezuela Investment Limited

摘要

Chevron is unlikely to add investment in Venezuela in the next six months despite a recent US license to allow it to expand its operations in the South American country, CEO Michael Wirth said on Thursday. The Biden's administration last week issued a six-month license allowing Chevron to boost oil output in Venezuela. It restricted any cash payments to Venezuela pending further progress on political talks between the government of Socialist President Nicolas Maduro and the country's opposition party.