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Chevron to Invest $7 Billion to Double Its Venezuelan Output
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- Kevin Crowley, Bloomberg Senior Oil Reporter, discusses Chevron planning to invest $7 billion over the next five years to more than double crude production in Venezuela through its joint venture partnerships. The company won the right to develop two giant oil fields in the Carabobo area of the Orinoco Belt, which are located next to Chevron’s Petroindependencia joint venture.
-Lee Klaskow, Bloomberg Intelligence Senior Transport, Logistics and Shipping…
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