Chevron, Eni sign Venezuela deals to double output after Maduro ouster
The FRANCE 24 segment reports on Chevron's announcement of a more than $7 billion investment to more than double its Venezuelan oil production to 600,000 barrels per day over five years, alongside similar pacts by Italy's Eni and U.S. firm GE Vernova. It frames the deals as welcomed by the Trump administration eight months after U.S. forces captured and removed Nicolás Maduro in January 2026, with Delcy Rodríguez now acting president. The report distinguishes these commercial agreements from a separate controversial U.S.-Venezuela pact granting access to roughly 65 billion barrels of reserves via a private operator with U.S. equity stakes. It includes a street-level interview criticizing the deals for offering no visible benefits amid blackouts and lost social services, and notes Trump's promise of lower U.S. fuel prices alongside expert warnings on infrastructure challenges.
Source: FRANCE 24 English
