Key Venezuela, CHEVRON oil recovery deal awaiting Maracaibo drilling operation

On the back of the various challenges which Venezuela’s oil and gas sector has had to face in recent years, not least the protracted United States embargo on the country’s oil exports and more recently the explosive corruption-related revelations in the sector, the acceleration of the country’s oil exports with the critical support of the US oil giant, Chevron, would appear to have hit a proverbial wall.

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