Caracas, December 18, 2022 – Venezuela’s crude production continues to hover below 700,000 barrels per day (bpd) as the industry enters its sixth consecutive year under US sanctions. Chevron will now reportedly take over operations at joint ventures to process Venezuela’s Hamaca blend crude grade using its own imported diluents. According to secondary sources from … Continue reading Venezuela output slides, but Chevron prepares for first Oil Shipment to US Refineries