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Chevron Expands Operations in Venezuela Amid Trump Deal

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CVX
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US officials announced that oil giant Chevron is planning to expand its operations in Venezuela.

This comes after President Donald Trump's deal with North American Blue Energy Partners (NABEP) to develop Venezuela's oil reserves, which includes a stake for the Pentagon.

Chevron's expansion will be formally unveiled during a visit by company officials and Energy Secretary Chris Wright on Wednesday.

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