As political turmoil in Venezuela mounts,
oil firms including Norwegian major and Spain's Repsol have further
reduced their already-dwindling ranks of expatriate employees in the country,
sources familiar with the situation said. Statoil, Repsol and Chevron Corp are
among the foreign oil companies that hold minority stakes in more than 40 joint
ventures with state-run Petroleos de Venezuela (PDVSA), providing cash-strapped
Venezuela with crucial crude production and income amid a debilitating economic
crisis. More…
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