Chevron Expands Oil Operations in Venezuela with $7 Billion Investment
Deals·2 articles across 2 outlets
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Chevron is set to invest $7 billion to expand its oil operations in Venezuela, solidifying its position as the largest foreign oil operator in the country. This move comes shortly after the U.S. and Venezuela reached an oil deal, amidst ongoing political and economic uncertainty in Venezuela.
The expansion will enhance Chevron's footprint in a region where it has been a significant player, reflecting its commitment to the Venezuelan oil sector despite the challenges posed by the local environment.
ChevronVenezuela
Sources
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“Chevron Bets $7 Billion on Venezuela Oil Expansion”
Yahoo Finance — Chevron Bets $7 Billion on Venezuela Oil Expansion“Chevron is the largest foreign oil operator in Venezuela.”
npr — Chevron to expand in Venezuela, days after the U.S. and Venezuela strike oil deal