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Chevron Announces $7 Billion Venezuela Expansion as Washington Gains Control Over a Share of the Country’s Oil
Chevron has unveiled a $7 billion expansion of its Venezuelan operations, announcing plans to develop two additional oil fields in the country’s vast Orinoco Belt. The announcement came only hours after Venezuela’s National Assembly approved a separate agreement that would give Washington control over a significant portion of the country’s oil assets. The US oil giant said its new project, carried out through its joint venture with Petroindependencia, would involve the develo
Sep 45 min read
Chevron Sees Cyprus as Strategic Energy Hub as Aphrodite Gas Project Advances Toward Final Investment Decision
US energy company Chevron has reaffirmed its confidence in Cyprus’ growing role within the Eastern Mediterranean energy landscape, with the Aphrodite natural gas development continuing to advance toward a final investment decision. Speaking in an interview published by Parliament Magazine, Chevron Cyprus country manager Basil Allam outlined the company’s long-term commitment to the region and described Cyprus as a strategically important component of Chevron’s broader energy
Jun 174 min read
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