Chevron's Venezuelan oil exports will not profit state-run PDVSA - Washington source
Yahoo! Finance
A U.S. license allowing Chevron Corp to expand Venezuela's oil production and export its oil will be designed to prevent the country's state-run oil firm PDVSA to profit from the sales, according to a person familiar with the matter. The largest U.S. oil company still operating in the OPEC nation is expected to win U.S. approval to vastly expand operations in Venezuela as soon as Saturday. Any approval would allow it to resume producing and export crude oil that has been barred by U.S. sanctio...
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