6 articles from PBS NewsHour, Japan Times, The Straits Times, CBS News and 2 more.
Oil giant Chevron confirmed that it will expand operations in Venezuela after President Donald Trump announced an ambitious deal to develop the nation's oil reserves and give the Pentagon a stake in the profits.
For two decades, Chevron stayed while all its major peers quit after former Venezuelan President Hugo Chavez nationalized foreign assets atop the world's largest oil reserves.
It plans to invest US$7 billion over the next five years through its joint venture partnerships in Venezuela.
Oil giant Chevron has pledged to double its Venezuelan oil production with a $7 billion investment after the U.S. reached a deal with Caracas. CBS News' Lilia Luciano has more.
{beacon} Energy & Environment Energy & Environment The Big Story Chevron plans to double its Venezuela oil production Chevron announced early Wednesday that it has reached an agreement to expand its oil production in Venezuela. © AP Photo/Rogelio V. Solis, File The company said…
US oil giant Chevron, Italy's ENI and GE Vernova signed deals worth "tens of billions of dollars" with Venezuela, US Energy Secretary Chris Wright said Wednesday during a trip to Caracas where he and Interim President Delcy Rodriguez finalised the agreements.
