Post #2336

📰 NEWS | Venezuela’s Rodríguez Signs Chevron Deals Awarding New Oil Drilling Areas, Increased Stakes Venezuelan Acting President Delcy Rodríguez signed new agreements with US oil company Chevron to expand operations in the Orinoco Oil Belt. The contracts grant access to the Ayacucho 8 bloc and increase Chevron’s stake in Petroindependencia to 49%, while the company will relinquish its participation in the Loran gas field. The deals were enabled by Venezuela’s recent Hydrocarbon Law reform, which allows greater private sector control, reduces royalties and taxes, and permits international arbitration in disputes. Read our full report here: https://venezuelanalysis.com/news/venezuela-rodriguez-govt-signs-chevron-deals-to-award-new-oil-drilling-areas-increased-stakes/ #Chevron#PDVSA#Sanctions#USVenezuelaRelations