Chevron, the only U.S. oil company operating in Venezuela, said it has received additional land in the Orinoco Belt region and plans to double its 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…

The move comes days after the U.S. unveiled a separate 100-year deal covering 17 Venezuelan oil fields with 65 billion barrels in reserves.

Petrolífera já tem três parcerias no país e espera expansão com acordo assinado nesta quarta-feira