Energy Secretary Says Venezuelan Oil Projects Moving at ‘Trump Speed,’ as Chevron to Invest $7 Billion
4 Articles
4 Articles
Energy Secretary Says Venezuelan Oil Projects Moving at ‘Trump Speed,’ as Chevron to Invest $7 Billion
The U.S.–Venezuela oil agreement has been signed. How will the deal bring new life to a country executives once called “uninvestable”? The White House is celebrating a summer travel season that broke records. Why are travel executives thanking Trump? The House Ways and Means Committee holds a crucial hearing on critical minerals. What does Rep. Jason Smith (R-Mo.) tell NTD about keeping the United States ahead of China? Views expressed in this …
Chevron Venezuela investment: The company announces a $7 billion plan, with an impact on the country's energy industry and economy.
The president especially highlighted the role of U.S. energy giants such as ExxonMobil and Chevron, noting that these companies are injecting billions of dollars into infrastructure for oil extraction in the country.
The U.S. Secretary of Energy, Chris Wright, has stated since Caracas that Venezuela's oil production can be "doubled by the end of this decade" and that the development of the new energy agreements in the country advances to "Trump speed." Wright said in an interview with Bloomberg that Venezuelan oil production has increased by 25% and exports by 50%, and estimated that, even from the current level of production, this can be "duplicated before …
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