Al Jazeera Staff, AFP, and Reuters. Chevron and Italy’s Eni have signed agreements to expand their Venezuelan oil operations, while GE Vernova will help repair the country’s electricity grid. Chevron plans to invest $7 billion to develop two additional fields in the Orinoco Belt, aiming to more than double output within five years. Eni secured exclusive exploration rights for the Junín 5 oilfield. The agreements form part of broader efforts to attract foreign investment, increase oil production, and rehabilitate Venezuela’s energy infrastructure. LINK.
