Chevron is finalizing an agreement to significantly expand its business in Venezuela by adding two giant oil fields in the Orinoco belt. This is a large oil field operated by US President Trump through the addition of two giant oil fields in the Orinoco region. According to a source familiar with the matter, the Texas oil company has negotiated the right to operate oil fields in the Carabobo region, which has billions of barrels of heavy oil reserves and is adjacent to Chevron's current operation through the PetroIndependencia joint venture established with the Venezuelan state-owned oil company PetroIndependencia. The agreement reached by Chevron is expected to be the largest of several to be announced in the next few days. Trump is pushing for more US capital to invest in the Venezuelan oil industry.

Chevron is finalizing an agreement to significantly expand its business in Venezuela by adding two giant oil fields in the Orinoco belt. This is a large oil field operated by US President Trump through the addition of two giant oil fields in the Orinoco region. According to a source familiar with the matter, the Texas oil company has negotiated the right to operate oil fields in the Carabobo region, which has billions of barrels of heavy oil reserves and is adjacent to Chevron's current operation through the PetroIndependencia joint venture established with the Venezuelan state-owned oil company PetroIndependencia. The agreement reached by Chevron is expected to be the largest of several to be announced in the next few days. Trump is pushing for more US capital to invest in the Venezuelan oil industry.