ROSNEFT, CHEVRON FOR VENEZUELA
PLATTS - Chevron is pushing back against the Trump administration's plans to let the company's Venezuela sanctions waiver expire, arguing such a move could ultimately drive oil production up, bolstering both the Maduro regime and Russia's standing in the global market.
"It'd be a very short-term gain for a huge, long-term cost," a source familiar with Chevron's operations told S&P Global Platts. "They'd be giving away the keys to our operations and allowing Rosneft to take over."
Chevron and four US oil services companies are operating in…
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