11/29/2022, 6:44 PM (Source: TeleTrader)
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Chevron, Venezuela to sign deal to boost oil production

Chevron Corp. and the Venezuelan government will sign an agreement to boost oil production, according to Venezuela's Vice-President for Economic Affairs, Minister of the Oil Industry, Tarek El-Aissami.

"In the next few hours, we will sign the contracts to boost the development of joint ventures and oil production (...) in the terms established in the Venezuelan Constitution and other Venezuelan laws," the minister said on Twitter.

The remarks come after the US Treasury cleared Chevron Corp. to restart oil production in the South American country.

Baha Breaking News (BBN) / JG