El País of Spain

With leadership still unrivaled, the oil giant Chevron signed two key agreements on Monday with the government in charge of Delcy Rodríguez that will allow it to reorganize its assets in Venezuela to focus on expanding its extra-heavy crude operations in a key area of the Orinoco Oil Belt. By El País [...]

El País of Spain

TL;DR

  • Chevron signed two key agreements with the Venezuelan government.
  • The deals will allow Chevron to reorganize its assets in Venezuela.
  • The company will focus on expanding its extra-heavy crude operations.
  • The expansion will take place in a key area of the Orinoco Oil Belt.