Delcy Rodríguez, Notes: Chevron’s ‘Condition’ to Invest More in Venezuela
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4 Articles
Chevron needs the Venezuelan government to reduce taxes and royalties on oil production if it wants to invest new capital in the country next year, said its executive president, Mike Wirth.Chevron, the only major U.S. oil company operating in Venezuela, currently only reinvests the revenues it generates within the country under a program authorized by the U.S. Treasury Department to recover the debt of the state oil company Petróleos de Venezuel…
Chevron President and CEO Mike Wirth pointed out that the U.S. company is operating in Venezuela under a system that has been approved by the U.S. Treasury Department. He also commented in an interview with Bloomberg that a new set of tax terms is needed under which they would invest more in [...] Chevron's CEO entry says that there must be lower taxes and royalties to invest more in Venezuela was first published in Information Focus.
News for the Day and the Hour Latest News today Chevron's president and CEO Mike Wirth said that the US company is operating in Venezuela under a system that has been approved by the U.S. Treasury Department. He also commented in an interview with Bloomberg that a new set of tax terms is needed under which they would invest more in the country, since the taxes and royalties paid do not leave enough for an investor to get a return on their inves…
www,finanzasdigital.com Chevron warned that it will not allocate fresh capital to Venezuela in 2025 if the government does not reduce taxes and royalties applied to oil production.... The post Chevron conditions new investments in Venezuela to a tax relief appeared first on Digital Finance.
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