Chevron has announced plans to grow its oil and gas activities in Venezuela, a move that could reshape the country’s struggling energy sector. The U.S. company will invest in new drilling projects and upgrade existing infrastructure, aiming to tap Venezuela’s vast but underdeveloped reserves. Analysts note that the expansion comes amid a broader shift toward privatizing state‑owned assets and could signal a renewed foreign investment interest in the region, despite ongoing political and economic challenges. The decision also raises questions about how Chevron will navigate Venezuela’s regulatory environment and the potential impact on local communities and the national economy.
U.S. oil giant Chevron confirms it will expand operations in Venezuela PBS
