Chevron Lends Venezuelan Oil Venture $2 Billion for Output Boost California-based Chevron Corp. (CVX) to increase output at their Petroboscan oil joint venture.

Petroleos de Venezuela SA, the country’s state-owned oil producer, signed a $2 billion financing agreement with San Ramon, California-based Chevron Corp. (CVX) to increase output at their Petroboscan oil joint venture.
The loan’s interest rate is the London Interbank Offered Rate plus 4.5...Chevron Lends Venezuelan Oil Venture $2 Billion for Output Boost California-based Chevron Corp. (CVX) to increase output at their Petroboscan oil joint venture.