Chevron is expanding its operations in Venezuela, according to information from the company based in San Francisco. The expansion comes just days after the United States and Venezuela reached an oil agreement.
The American oil company is one of the major oil companies with presence in Venezuela. The recent agreement between Washington and Caracas opened the way for Chevron to increase its activities in the South American country.
The expansion of Chevron's operations in Venezuela represents a significant shift in the relationship between the United States and the Venezuelan country, which had been marked by sanctions and diplomatic tensions in recent years.
The oil agreement between the two countries allowed American companies, such as Chevron, to resume and expand their business in Venezuela, which has one of the largest oil reserves in the world.
