Chevron Venezuela joint ventures plan more than US$7 billion investment over five years
Reuters2026/09/02 19:55- Chevron signed agreements with Venezuela to update joint-venture terms, expand development rights in the Orinoco Belt.
- Joint ventures target more than USD 7 billion of investment over five years.
- Plan aims to more than double output to about 600,000 barrels a day versus 2026 levels.
- Venezuelan joint-venture production is up 15% year-to-date.
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