THENATIONALPULSE (Pulse Wires) - Chevron Announces Massive Investment in Venezuela After Trump Oil Deal.
Chevron announces a major investment in Venezuela, signaling renewed U.S. interest in the nation's oil reserves under a Trump-era deal.
Chevron announced a major investment in Venezuela, signaling renewed U.S. interest in the nation’s oil reserves under President Donald J. Trump. PULSE POINTS WHAT HAPPENED: Chevron is expanding its operations in Venezuela , committing more than $7 billion in investment over the next five years as the Trump administration moves to restore and expand the country’s vast oil industry. The company announced Wednesday that it had been assigned additional acreage in Venezuela’s Orinoco Oil Belt, where it already operates several major joint ventures, with plans to more than double production to approximately 600,000 barrels per day DETAIL: The expansion comes days after President Donald J. Trump announced a major agreement aimed at…Open