Inform
Chevron granted sanctions waiver extension in Venezuela
This report is currently unavailable
Report summary
Chevron and four more US-based companies obtained a waiver extension from the US Department of Treasury to keep doing business in Venezuela through to 22 January 2020. Chevron has captured most of the market’s attention due to their joint venture with PDVSA, Petropiar, an upgrading facility in the Faja Belt that has recently been used for crude blending operations. Our base case outlook for Venezuela crude production remains unchanged, however a key downside risk comes from PDVSA’s inability to market its crude globally under the impact of the US sanctions.
Table of contents
- Sanctions hitting crude oil exports
Tables and charts
This report includes 1 images and tables including:
- Venezuelan crude oil production
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Global thermal short-term outlook March 2024
External factors lift prices in an otherwise bearish market
$5,000
Asset Report
Bougouni - Lithium mine project
A detailed analysis of the Bougouni lithium mineral project.
$2,250
Asset Report
Alcasa aluminium smelter
A detailed analysis of the Alcasa aluminium smelter.
$2,250
