Chevron license termination could lead to new oil export pact in Venezuela, sources say
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The termination of Chevron's license to operate in Venezuela may result in a new agreement with PDVSA to export oil to non-U.S. destinations.
February 27, 2025 | 3:45 pm
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Chevron's license termination in Venezuela could lead to a new agreement with PDVSA to export oil to destinations other than the U.S.
The termination of Chevron's license in Venezuela suggests a shift in operations, potentially leading to new export agreements with PDVSA. This could diversify Chevron's export markets, but the immediate impact on stock price is uncertain as the details of any new agreement are not yet finalized.
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