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Chevron Boosted Venezuela Crude Output to 150kbpd

OIL

Chevron has increased its crude production Venezuela to 150kbpd, from 50kbpd prior to the US sanction relief in October, while conditions are still too uncertain to ramp up investments, Chevron chief executive Mike Wirth said.

  • "We haven't put much new capital into Venezuela yet," Wirth said "To allocate long-term capital to anything that would grow would require much more certainty, stability and a clear line of sight on a long-term future in Venezuela than anything that we see at the present."
Energy BulletsCommodities
Energy BulletsCommodities

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