Chevron may leave Venezuela after nearly 100 years over regime fight
Chevron's relationship with Venezuela may come crashing to a halt after nearly 100 years as a result of the Venezuelan president's regime's fight with the U.S.
Chevron is the last major U.S oil company still operating in the country.
It could be forced to leave unless U.S. officials extend sanction waivers scheduled to expire on July 27.
The loss of Chevron's expertise and resources would only make matters worse for Venezuela's oil industry.
It's already close to collapse under President Nicolás Maduro.
Several other major American companies have retreated from the chaos in Venezuela in recent years.
Source: ABC7
More news
Ithaca Energy acquires Eni’s UK business in £750m deal
Iraq awards Akkas gas field development contract to Ukrainian firm
Seal of approval for UK oil & gas firm to expand its stake in Angolan offshore blocks
NZTC and NSTA Unveil Roadmap for Emissions Measuring and Monitoring Technologies
Newsletter
Keep informed with the latest project and contract developments from around the globe
