Chevron, Total Pull Foreign Staff in Venezuela
- Political crisis fueling violence in nation reliant on crude
- Statoil also says it’s removed all remaining expatriate staff
Oil producers are said to be withdrawing foreign staff in Venezuela amid a deepening political crisis in the nation. Bloomberg's Justin Carrigan reports on 'Bloomberg Markets: European Open.' (Source: Bloomberg)
Repsol SA pulled all foreign workers from its oil fields in Venezuela amid a deepening political crisis, while Chevron Corp. and Total SA have removed a small number of employees, said people with knowledge of the companies. Norway’s Statoil ASA has withdrawn its expatriate staff.
Repsol field workers left the country in the past few weeks, two people said, asking not to be identified discussing a confidential matter. A skeleton staff remains in Caracas, one of the people said. Chevron has removed fewer than 10 foreign employees and retains a substantial expatriate workforce there, said people with knowledge who weren’t authorized to discuss the operations. Statoil withdrew its last three foreign workers before the July 30 election, Erik Haaland, a company spokesman said.