Chevron is importing approximately 250,000 barrels of Venezuelan crude oil per day into the United States, according to company officials. The increase follows recent developments in Venezuela after the recent capture and extradition of socialist dictator Nicolás Maduro from his palace in Caracas. The country’s new leadership is now cooperating with the U.S. on a variety of matters, including the opening up of its oil markets. Andy Walz, president of downstream, midstream, and chemicals at Chevron, confirmed the scale of imports in an interview with the BBC. Tankers are now arriving regularly at U.S. ports, including a recent shipment of 400,000 barrels delivered to the Gulf Coast. Venezuela has the largest proven oil reserves in the world, but production has declined significantly over the past…
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