As the U.S. looks at relaxing sanctions to allow Chevron to pump oil in Venezuela again, the company is preparing to navigate many challenges
As the Biden administration looks at relaxing sanctions to allow Chevron Corp. to pump oil in Venezuela again, the company is preparing to navigate myriad challenges in the country that could limit its ability to increase production quickly.
Chevron will have to manage everything from fuel shortages to accident-prone oil infrastructure to security and corruption risks that could hamper its efforts to revitalize the country’s gutted oil industry.
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