Private companies set to strike new deals to expand Venezuelan oil production
Key takeaways Oil Expansion Plans: Chevron and Eni to invest billions, aiming to more than double Venezuela’s oil output within five years; Chevron targets 600,000 barrels/day, Eni to develop a field with ~35 billion barrels. Strategic Agreements: U.S. gains majority control of 65+ billion barrels, with Pentagon and State Department securing stakes and purchase rights; … Read more