US Energy Secretary Chris Wright said oil deals expected to be signed in Caracas could more than double Venezuelas crude production within the next few years. Visiting Venezuela for the second time since Nicolas Maduros capture in January, Wright also said US gasoline prices should decline as refining capacity and regulations improve.

Venezuela’s Delcy Rodriguez says a new 25-year U.S. energy deal targets 1.5 million barrels per day in oil production.

Energy giant Chevron is expected to announce its expansion plans in Venezuela soon. Company officials and the Energy Secretary will visit Venezuela on Wednesday for this…