NASDAQ: Chevron CEO predicts gradual relaxation of U.S. sanctions on Venezuela

The U.S. approval for Chevron Corp CVX.N to expand Venezuela's oil production is unlikely to lead the company to add investment in the South American country in the next six months, Chief Executive Michael Wirth said.  Washington could gradually relax sanctions on Venezuela and provide greater latitude for Chevron to operate in Venezuela over time, Wirth said in comments to the Economic Club of New York on Thursday.

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