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Venezuela: Chevron announces $7 billion deal as US claims fifth of oilPhoto by Nehomar Castro on Pexels
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Venezuela: Chevron announces $7 billion deal as US claims fifth of oil

Euronews Portugal2 September 2026 at 12:23

Chevron announced an expansion agreement worth $7 billion in Venezuela. This announcement came hours after the Venezuelan parliament handed the United States control over a fifth of the country's oil reserves. The deal comes in a context of tension between the two countries, with the US claiming a significant part of Venezuelan oil resources. Chevron is one of the main American oil companies involved in Venezuela's energy sector.

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