Friday, February 29, 2008

Chevron: Venezuela continues to be reliable export source to US

Venezuela will continue to reliably export oil to the U.S., despite the current political tensions between some American oil companies and Venezuela's government, a Chevron Corp. executive said Thursday. Although Venezuela has tried to exercise increasing control over its oil resources, the country relies upon oil revenue, said Ali Moshiri, president of Chevron's Africa and Latin America Exploration and Production company.

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