Venezuela is reportedly planning to grant additional oil drilling blocks to Chevron Corp. and Spain’s Repsol SA. This move aligns with the Trump administration’s efforts to involve private companies in rebuilding Venezuela’s energy sector. The news comes amid a broader push to revitalize the nation’s oil production.
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Venezuela to Grant More Oil Drilling Blocks to Chevron, Repsol
Venezuela is reportedly planning to grant additional oil drilling blocks to Chevron Corp. and Spain’s Repsol SA. This move aligns with the Trump administration’s efforts to involve private companies in rebuilding Venezuela’s energy sector. The news comes amid a broader push to revitalize the nation’s oil production.