Chevron to Deliver Oil to Venezuela Under New Production Terms
The deal was signed between the US energy giant and Petroleos de Venezuela in recent days, shortly after Chevron's private license was issued by the US, according to the people, who asked not to be identified discussing a private matter. They said the pact has terms similar to those reached by other foreign energy companies operating there, which also deliver a percentage of their production to the Venezuelan government as payment.
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