Chevron expected to sign Venezuela deal to expand Orinoco output
Chevron is reported to be nearing a new deal this week to expand oil production in Venezuela, with added operations in the Orinoco belt known for heavy-crude reserves.
By Avi SalzmanChevron is on the verge of signing a new deal this week to expand its oil production in Venezuela, according to sources familiar with the transaction.The oil giant is expected to add operations in the Orinoco belt, an area of Venezuela known for its vast reserves of heavy crude oil.Th…