Chevron Defies Sanctions, Boosts Venezuela Oil Output
Update: 2025-12-24
Description
Chevron defies political turmoil, reaffirming commitment to Venezuelas oil industry. Despite sanctions, nationalized assets, and political instability, Chevron, with a century-long presence, is reviving Venezuelas oil sector. Analysts predict a 10% output boost, while Venezuela aims for 1.2 million barrels daily, despite U.S. pressure. With 300 billion barrels in reserves, Venezuela remains a lucrative prize.
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