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Chevron’s Bold Bet on Venezuelan Oil | Eau Claire News
Chevron’s bold $7 billion bet on Venezuela’s oil future could double output by 2031, despite political turbulence and sanctions—making it the only major U.S. player with decades-long stakes in the Orinoco Belt’s ultra-cheap, tar-like reserves. With a new 49% stake in PDVSA and backing from Washington’s unusual joint venture deal, Chevron’s confidence hinges on Venezuela’s untapped potential and its workforce, even as legacy mismanagement looms large. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an…
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