# US oil giant Chevron to expand Venezuela operations

https://mins.news/en/item/42412

- Al Jazeera, 2026-09-02 16:57 UTC
- Economy
- Original: https://www.aljazeera.com/economy/2026/9/2/us-oil-giant-chevron-to-expand-venezuela-operations?traffic_source=rss

> Chevron says it has received additional acreage in Venezuela’s Orinoco Belt and will invest more than $7bn through joint ventures to double production to about 600,000 barrels per day within five years. The expansion includes two adjacent areas in the Carabobo region.

## Stories

- [US Venezuela Oil and Diplomatic Relations](https://mins.news/en/topic/us-venezuela-oil-relations) — Markdown: https://mins.news/en/topic/us-venezuela-oil-relations.md

## Related coverage

- [Chevron expands Venezuela presence with $7B US plan](https://mins.news/en/item/42428) — CBC News, 2026-09-02
- [Chevron to Invest $7 Billion to Boost Venezuelan Output](https://mins.news/en/video/41990) — Bloomberg Television, 2026-09-02
- [Chevron to expand Venezuela operations with $7 billion investment, more than doubling production](https://mins.news/en/item/41839) — CNBC, 2026-09-02