Chevron outlines $7bn Venezuela Orinoco Belt investment expansion plan
Chevron said it is expanding its Venezuela Orinoco Belt position with new agreements featuring enhanced fiscal, commercial and legal terms to support long-term investment and project development.
Expanding its position in Venezuela’s Orinoco Belt, the company said new agreements included enhanced fiscal, commercial and legal terms intended to support long-term investment and project development.Chevron has also been assigned additional acreage in the Orinoco Belt, with its 49%-owned Petroin…