In oil-rich region, Venezuelans fear catastrophe if Trump forces Chevron to leave

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With the US$2 he earns in wages each week working as a cargo driver for Venezuelan state oil company PDVSA, 56-year-old Freddy Brito cannot even ...

LA CAÑADA DE URDANETA, Venezuela: With the US$2 he earns in wages each week working as a cargo driver for Venezuelan state oil company PDVSA, 56-year-old Freddy Brito cannot even afford to buy one kilogram of cheese.

"If Chevron leaves, we would be left without a helping hand, because what little we have comes from them," Brito said. Some in the administration, like Secretary of State Mike Pompeo, argued that, were Chevron to leave, Maduro might deliver its assets to Russian or Chinese companies, depriving a potential new government of a chance to rebuild the economy in partnership with the U.S. firm. But others, such as former National Security Advisor John Bolton, argued that forcing Chevron out could prompt a further decline in crude output, adding to the economic pressure on Maduro.

Chevron spokesman Ray Fohr said in a statement the company's social investment contributions totaled nearly US$100 million between 2007-2018, and that the firm was a"positive presence" in the country. None of the dozen pumpjacks that Reuters observed while driving through the Boscan field on Oct. 14 and Oct. 15 were turning.

 

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