Urgent.News

What's breaking now, across thousands of outlets.

Business

Venezuela: US-Konzern Chevron bestätigt Ausweitung der Ölförderung

Nach dem erzwungenen Machtwechsel sichern sich die USA Zugriff auf das Öl Venezuelas. Der erste Konzern bestätigt nun konkrete Ausbaupläne.

Venezuela: US-Konzern Chevron bestätigt Ausweitung der Ölförderung

New York - Chevron, the US oil company, has confirmed plans to expand its oil production activities in Venezuela. The company has secured additional oil fields in the Orinoco Belt, where it is already operating, Chevron announced on Wednesday. According to the plan, investments of more than seven billion US dollars (approximately six billion euros) will be made over the next five years.

Production is expected to more than double, reaching about 600,000 barrels per day by 2026. US President Donald Trump recently announced that the United States had reached a comprehensive agreement with Venezuela, securing majority control over 65 billion barrels of oil reserves. The US Department of Defense will also be involved in the increased production.

A US government official, who wished to remain anonymous, announced on Tuesday that representatives from Chevron and Energy Minister Chris Wright would travel to Venezuela on Wednesday to present the project. The company sees this as "the best chance in a generation" for a new commodity boom in South America.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Business

Lean Teams Can Drive More Profitable Growth

Inc. 5000 honoree Natasha Miller explains how painful pandemic layoffs pushed her to build around a smaller core team, trusted freelancers, and a more flexible model that made the company more…

More from Wednesday 2 September →