Makes sense. What about Chevron since they already have a presence there? I own a bit of their stock.
Chevron has had a special exemption export heavy crude to our refiners.
Overall, it’s output is miniscule....240,000 bbl. per day...but that should ramp up to double or triple that in a year.
Beyond that, Chevron will face the same obstacles as its competitors: much of the infrastructure is beyond repair and will require replacement. Any company committing to that would require an immense capital outlay.