Chevron competes with rivals for Venezuelan oil sales, sources say [Yahoo! Finance]
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Source: Yahoo! Finance
and refiners ?are competing to win deals for exports of Venezuelan crude as part of ?their talks with U.S. officials for licenses to do business with the country, industry sources said on Thursday. The ?companies are lobbying the U.S. government hard for a share in future lucrative oil exports from the South American producer in the wake of the U.S. capture of Nicolas Maduro and Washington's announcement of an initial $2 billion deal to supply Venezuelan oil to the U.S. and possibly ?other markets. Chevron, currently the only ?foreign company with a U.S. authorization to export Venezuelan oil, is seeking authorization from Washington to expand its license to operate in Venezuela after ?the U.S. placed restrictions on it last year, sources told Reuters on Wednesday. As part of its request, the company is proposing to increase crude exports from its joint ventures to sell to third parties, ?and also to trade at least a portion of state-run PDVSA's individual output, two ?of the so
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