Chevron has been granted license to pump crude in Venezuela, but first it must collect debt, repair equipment and bolster its workforce while facing outages and security threats
in its Venezuela policy when it allowed Chevron Corp.
to pump oil in the South American country again, but the decision will yield little increase to the world’s oil production in the short-term.at Venezuela’s aging oil fields and a complicated network of remaining U.S. sanctions that must be altered to ensure more of the country’s oil reaches the global market.
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