Published: Apr 14, 2026, 12:00 IST | Updated: Apr 14, 2026, 12:00 IST
Venezuela has signed major oil agreements with Chevron aimed at boosting production in the country’s vast crude reserves. The deals were signed with state oil company Petróleos de Venezuela S.A. (PDVSA), allowing Chevron to expand its operations in the Orinoco Oil Belt, one of the world’s largest oil reserves.