The joint venture “Petroindependencia,” in which Chevron holds 49% of the shares, will develop two new fields near existing production sites, increasing production to about 600 thousand barrels per day, according to a Chevron statement.
Read more Spanish legends praise Stenionis: «Small but strong-charactered player»
The Venezuelan government-controlled National Assembly on Tuesday approved a billion-dollar agreement granting the United States control over about one-fifth of Venezuela’s reserves.
Read more Dry and safe under the umbrella – new dry FELIX cat food
