Chevron set to reach agreement to operate two major oil fields in Venezuela's Orinoco Belt
智通财经2026/09/01 14:31Show original
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Chevron is finalizing an agreement that will significantly expand its operations in Venezuela by adding two giant oil fields in the Orinoco Belt. According to sources familiar with the matter, the Texas-based oil company has been negotiating for operating rights in the Carabobo oil fields, which contain billions of barrels of heavy oil reserves and are adjacent to a large oil field already operated by Chevron through the Petro Independencia joint venture with Venezuelan state oil company PDVSA. The deal Chevron is expected to reach is set to be the largest among several agreements to be announced in the coming days. President Trump is pushing for more US capital investment in Venezuela's oil industry.
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