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Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street
Gaza Civil Defense spokesman: Claims that the Israeli occupation has withdrawn from areas in the neighborhoods of al-Zaytoun, al-Tuffah, and al-Shujaiya are false
Hamas: The two delegations stressed that any negotiations must lead to the achievement of our people's goals and aspirations, foremost among which is ending the war and the complete withdrawal of enemy forces
Hamas: A delegation from the Hamas leadership, led by the head of the leadership council, Mohammad Darwish, met with an Islamic Jihad delegation, headed by its Secretary-General, Ziyad al-Nakhalah

Chevron declines to comment on Venezuelan oil production increase news

  • By Al Mayadeen English
  • Source: Agencies
  • 26 Sep 2023 08:44
2 Min Read

Chevron will reportedly increase production by 65,000 bpd in its joint venture with Venezuela's state-owned and US-sanctioned PDVSA.

  • x
  • Chevron to increase Venezuelan oil production and declines to comment.
    A Chevron sign is seen at a gas station in Miami, Florida, United States, on May 2, 2017 (AP)

Chevron has declined to comment on reports, an indication that it will increase production of Venezuelan oil by the end of 2024.

Media reports have shown that the US-based energy company plans to boost production by 65,000 barrels of oil a day by the end of 2024, pushing its total output to 200,000 bpd in its joint venture with Venezuela's state-owned energy company Petróleos de Venezuela (PDVSA).

"Chevron does not comment on rumors or commercial matters," Chevron said in a statement to Sputnik on Monday.

"We continue to conduct our business in compliance with all laws and regulations where we operate, as well as the sanctions framework provided by the US Office of Foreign Assets Control (OFAC)," the oil giant said.

Related News

US issues limited license for Chevron in Venezuela: Bloomberg

CNBC unveils strategic plan to revitalize Syria energy sector with US

The US has heavily sanctioned Caracas' oil sector only to lift some of them in late 2022.

The US Treasury provided Chevron with a new license in November last year to extract oil in Venezuela for six months through its joint venture partners, such as PDVSA. However, this license does not allow for the expansion of operations or new US investments in Venezuela's oil sector, which has been recently rumored.

Venezuela is preparing for a presidential election set to take place in 2024 after US efforts to topple current President Nicolas Maduro and impose its own candidate failed miserably.

Earlier on August 25, the National Electoral Council (CNE) of the country for 2023-2030 was approved by Venezuela's National Assembly, in preparation for next year's elections.

This comes after the president of the assembly, Jorge Rodríguez, announced that Caracas will not authorize the EU to get involved in Venezuela's 2024 presidential elections by sending an electoral observation mission to monitor the elections, saying the European body has meddled in the country's internal affairs.

Read more: Venezuela not to allow EU electoral mission in upcoming elections

  • Chevron
  • United States
  • us sanctions on venezuela
  • Venezuela
  • PDVSA
  • Nicolas Maduro

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