Division of Venezuela's estate gains momentum. “It’s billions of barrels”
Drill, baby, drill – and make Venezuela great again. A Chevron pretende dobrar sua produção na Venezuela e anunciou planos de investir US$ 7 bilhões nos próximos cinco anos – no maior projeto firme de alocação de capital no país desde a derrubada de Nicolás Maduro em janeiro. Com custos de extração abaixo de US$ […] The post Divisão do espólio da Venezuela ganha ritmo. “São bilhões de barris”…
Chevron plans to double its production in Venezuela and invest $7 billion over the next five years. The company's CEO, Mike Wirth, expressed confidence in Venezuela's potential, citing low extraction costs and vast reserves. Chevron's new project is separate from a recent agreement between the US and Venezuela, which involves North American Blue Energy Partners and could lead to $100 billion in investments.
Chevron currently produces around 300,000 barrels per day in Venezuela and aims to increase this to 600,000 barrels per day with new concessions. Italian company Eni also announced a deal with Venezuela's PDVSA to develop a oil field, with expected investments of $1.25 billion per year.
Written by urgent.news from Brazil Journal's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
