Chevron Expands Venezuela Oil Operations with Orinoco Belt Deal
Chevron Corp. is on the verge of finalizing a deal to expand its operations in Venezuela, adding two massive oil fields in the Orinoco Belt.
The development comes as part of US President Donald Trump's push to increase production in the South American country.
The Orinoco Belt is a major oil-producing region in Venezuela, and Chevron's involvement would significantly boost its presence there. The deal would allow Chevron to take over operations at two giant oil fields, marking a significant expansion of its activities in the area.