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Chevron announces deal to expand its oil production in Venezuela

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CitrixNews Staff
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Chevron announces deal to expand its oil production in Venezuela

Chevron announced early Wednesday that it has reached an agreement to expand its oil production in Venezuela. Chevron said that it has been assigned additional acreage in the Orinoco Belt, where it has an established position. Joint venture plans include investing more than $7 billion over the next five years and increasing production to approximately…

Originally reported by The Hill. Read the full story at the original source.