Chevron to Stay in Venezuela for ‘Many Years’ Despite Crisis
- Latin America head says company is commited to partner PDVSA
- But oil giant warns of country’s ‘deteriorating’ conditions
This article is for subscribers only.
Chevron Corp. plans to stay the course in Venezuela despite the Latin American country’s deteriorating economy and growing humanitarian crisis, the oil major’s top executive for the region said.
“We’re committed to Venezuela and we plan to be there for many years to come,” Clay Neff, Chevron’s president for Africa and Latin America, said in an interview late Thursday. Any suggestion the company is considering leaving “is not accurate.”