Chevron and Eni Sign Major Energy Expansion Pacts in Caracas
Major international energy firms, including Chevron and Italy's Eni, signed agreements on Wednesday to significantly expand oil production in Venezuela. The deals, overseen by interim President Delcy Rodriguez and US Energy Secretary Chris Wright, mark a major shift in Washington's policy following the removal of Nicolas Maduro earlier this year. The agreements aim to rebuild Venezuela's battered energy infrastructure and secure US access to oil reserves, despite ongoing political uncertainty regarding upcoming general elections.