Chevron Expands Operations in Sanction-Hit Venezuela Amid Economic Turmoil

US oil giant Chevron has confirmed it will expand its operations in Venezuela. The news comes after years of US sanctions and economic turmoil in the country.

The exact terms of the agreement were not disclosed, but it is expected to boost crude production and generate revenue for both parties.

Chevron's expansion plans are seen as a significant development in the oil-rich nation, which has struggled to recover from years of economic decline under former President Nicolas Maduro.