Chevron plans to invest more than $7 billion in Venezuela over five years, aiming to more than double its oil output to about 600,000 bpd.

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

The announcement comes as Energy Secretary Chris Wright and Chevron representatives visit Venezuela on Wednesday.