Chevron Says It's Not Leaving Brazil

Chevron has had a rough time in Brazil the past year. First there was a large oil spill in November of 2011, then another smaller one in March, 2012.  The spills resulted in millions of dollars of fines. On top of that, charges were brought against Chevron executives in Brazil, and they were ordered not to leave the country.

Then, on August 1, a Brazilian court issued an order directing that Chevron and its drilling partner, Transocean, cease all drilling in Brazil. 

In spite of these setbacks, Chevron announced today that it has no plans to leave the country.  

In a report on Fox News Latino, confirmed in a shorter item on Forbes, Don Stelling, chief of Chevron's Latin American operations, said that the company will appeal the decision and will move forward on three other projects in Brazil.

Source: "Brazil Portal"