US Energy Secretary oversees multibillion‑dollar oil deals with Venezuela
France 241 min read102 words
U.S. Energy Secretary Chris Wright announced on Wednesday that Chevron, Italy’s ENI and GE Vernova have signed agreements with Venezuela valued at “tens of billions of dollars.” The deals were finalized during Wright’s visit to Caracas, where he met with interim President Delcy Rodríguez to complete the negotiations.
The contracts, which focus on oil and gas development and renewable‑energy projects, signal a significant expansion of foreign investment in Venezuela’s energy sector amid ongoing efforts to revive its economy. Both parties described the agreements as a step toward deeper commercial cooperation, while U.S. officials emphasized that the partnerships comply with existing sanctions frameworks.
🤖 AI-generated content — This article was automatically summarised from public RSS feeds by AutoBrief. Verify important information with the original source.