Venezuela adjusts as sanctions spur Western oil partners to retreat | Hellenic Shipping News Worldwide
Venezuela adjusts as sanctions spur Western oil partners to retreat Venezuelan state oil company PDVSA is turning to local partners as it seeks to plug the gap left by Western companies in the OPEC nation’s oil sector, according to interviews with a half dozen industry sources, as U.S. companies win a reprieve to maintain a limited presence in the South American country. U.S. President Joe Biden’s administration on Tuesday extended for six months a measure allowing Chevron Corp, Halliburton...
Source: hellenicshippingnews.com