Chevron agrees updated Venezuela JV terms; invest $7B-plus over five years
CVX said it agreed with Venezuela on updated terms for its joint ventures and plans to invest more than $7 billion over the next five years, targeting production of about 600,000 bpd.
Chevron NYSE:CVX said on Wednesday it had agreed with Venezuela on updated terms for its joint ventures in the country and plans to invest more than $7 billion over the next five years, targeting production of about 600,000 bpd.The expansion is the culmination of several months of negotiation condu…