Chevron to Take Control of Venezuelan Oil Facility This Week
- Chevron official, minister to visit Petropiar upgrader Dec. 7
- Facility will be used to process crude under sanctions waiver
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Chevron Corp. will formally take over operational control of a key Venezuelan oil-processing facility this week during a joint visit to the site by company and government representatives, according to a person familiar with the plan.
Oil Minister Tareck El Aissami and the head of Chevron’s operations in the country, Javier La Rosa, are set to visit on Dec. 7 the Petropiar upgrader at the Jose Petrochemical Complex near Barcelona in northeast Venezuela, the person said. Chevron will take operational control following the inspection, according to the person, who asked for anonymity as the details have not been announced.