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Chevron to expand Venezuela oil operations with US$7 billion plan

South China Morning PostView source article

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Chevron announces $7 billion expansion of Venezuela oil operations

Oil giant Chevron confirmed plans to invest more than $7 billion through its Venezuela joint ventures to double oil production to about 600,000 barrels per day over the next five years, following President Trump's announcement of a US-Venezuela oil deal.

Sep 1, 2026·6 sourcesTrump administrationSanctions & economic countermeasuresOil marketEnergy security & geopolitics
Chevron announces $7 billion expansion of Venezuela oil operations
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