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Chevron & Shell Ink Venezuela Oil Deals

Published 6 days, 22 hours ago
Description

Chevron and Shell are set to sign major deals with Venezuela, marking a significant shift in the countrys oil sector following the U.S. rebuild plan. Chevron will hand back a gas field and explore an extra heavy crude zone, while Shell gains operational rights to the Loran gas field. These moves come as Venezuelas new oil law attracts foreign investment and the country aims to revive its oil game.

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