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Chevron to invest $7 billion over five years in Venezuela

Chevron said it has entered multiple agreements with Venezuela, setting updated terms to more than double production there. The company plans to invest more than $7 billion over the next five years.

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By Connor HartChevron is taking steps to more than double its production in Venezuela, planning to invest more than $7 billion in the country over the next five years.The company on Wednesday said it has entered into multiple agreements with Venezuela, establishing updated terms with its joint vent…