Chevron and Shell near major Venezuela oil production deals
Chevron and Shell are nearing major oil production deals in Venezuela following legal reforms. These are the first big deals since the capture of Maduro.
Xurve View
Insights:
Xurve View
Major energy corporations are nearing the first significant oil production deals in Venezuela following the capture of President Nicolas Maduro. Chevron Corporation and Shell plc are leading the negotiations, which could mark the beginning of a massive effort to rebuild the nation's energy infrastructure. This development follows a $100 billion recovery plan previously discussed by the United States to address decades of mismanagement and underinvestment in the sector.
