Chevron CEO Says Venezuela Oil Policy Progress Needs More Work
Chevron Corp. Chief Executive Officer Mike Wirth said changes to Venezuela's oil policy are a positive step toward attracting foreign investment, but added that more measures are needed and the current shift is likely insufficient to bring in the level of investment the country would want. Speaking on CBS' Face the Nation, Wirth said the changes “move things in a positive direction” but “still need some work.”
The comments underscore a gradual recovery in Venezuela's oil sector, where progress is still seen as slow even as policy changes suggest some movement.
From the sources (2 posts)
@burggrabenhMeanwhile an update on Venezuela's oil industry progress...slow, but at least moving.
@staunovoChevron Corp. Chief Executive Officer Mike Wirth said changes to #Venezuela’s oil policy are a sign of progress in trying to attract foreign investment, though further measures are needed. “It moves things in a positive direction,” Wirth s