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PDVSA Revokes Authorization for Chevron to Export Venezuelan Oil ...Middle East
Venezuelan state-owned oil firm PDVSA has revoked authorizations to U.S. supermajor Chevron to load and export crude from Venezuela this month, following the Trump Administration’s increased sanctions on Venezuelan oil exports and tariffs on its oil buyers, Reuters reports, quoting sources familiar with the matter. The Trump Administration has already revoked Chevron’s license to operate in Venezuela and export oil from its oilfields, with May 27 the deadline for Chevron to wind down its operations in the South American country.…
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