Chevron pledges $7bn to double Venezuela oil output
UKPulse Money Desk
US oil major Chevron has committed to a $7 billion investment to double its oil production in Venezuela.
- Chevron plans to double its Venezuela output.
- The investment pledge totals $7 billion.
- The move comes as the White House advocates for increased production in Venezuela.
US oil major Chevron has committed to a significant investment of $7 billion aimed at doubling its oil production in Venezuela. This pledge involves expanding its joint ventures within the country.
The decision aligns with efforts from the White House, which is reportedly pushing for a substantial increase in oil production from Venezuela.