S. to some 300,000 barrels per day (bpd) in March, from 100,000 bpd in December and some 230,000 bpd so far this month, according to two sources with knowledge of the plans. S.
S. blockade hit the OPEC country's exports, leaving millions of barrels stored in onshore tanks and vessels. S.
Gulf Coast refiners. Output cuts applied by PDVSA to some oil fields since early January did not hit Chevron's projects, separate sources said. S.
S. and other destinations under a flagship $2 billion supply deal. S.
energy and regional security, according to company statements. The company is seeking to build new infrastructure and fix existing equipment, with plans to increase crude loading in Venezuela by 100% immediately and boost production by 50% within the next two years. A government led by interim President Delcy Rodriguez is now ruling the country and working to have a sweeping reform of the nation's main oil law approved in record time to begin making that investment possible.
S. market and solidify its position as a key player in the region's energy sector. S.
government.
This increase in exports is a significant move by Chevron, which demonstrates the company's commitment to its operations in Venezuela despite the challenges posed by the ongoing blockade and economic crisis. As the situation in Venezuela continues to unfold, it will be crucial for Chevron to navigate these complexities while maintaining its focus on delivering value to its stakeholders.
