business
update
More US companies set to enter Venezuela amid oil production expansion
Feb 16, 2026, 5:32 PM12
(Update: Feb 16, 2026, 5:32 PM)
business
update
More US companies set to enter Venezuela amid oil production expansion
- Secretary of Energy Chris Wright informed that more U.S. companies will be entering Venezuela soon.
- Chevron is currently the only American oil firm operating in the country, increasing its production.
- The collaboration aims to enhance oil production while potentially improving conditions in Venezuela.
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