Oil is an important part of Venezuela and its citizens. It provides jobs, healthcare, and education for millions of Venezuelans. However, oil prices have dropped, causing a significant decrease in government revenue and an economic crisis.
Valero operates a vast network of retail gasoline stations and is a major player in the ethanol market with 13 plants across the US
Valero Energy Corporation a leading independent petroleum refining and marketing company based in Texas has imported crude oil from Venezuela for the first time in four years. As the 2nd largest fuel producer in the US Valero received 241,000 barrels of crude oil from Chevron which holds the exclusive authorization to extract and export the oil.
This shipment will help the Venezuelan company maintain its operations and increase efficiency.
Chevron is preparing the shipment of heavy fuel oil to the Venezuelan company. This shipment will help the Venezuelan company maintain its operations and increase efficiency. Chevron is committed to providing quality products and services to its customers.