Chevron will invest more than $7 billion US through its Venezuela joint ventures to double oil production to about 600,000 barrels per day over the next five years in the South American country, the U.S. oil major said on Wednesday.

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