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Chevron bets big on Venezuela despite analyst doubts over recovery timeline
Chevron will invest more than $7 billion over five years in Venezuela. This will raise oil output to about 600,000 barrels a day. That's more than double current production.
Why it mattersChevron's expansion shows US confidence in Venezuela's oil output. It signals Trump's push to use less Middle Eastern oil.
Corroborated bythenightly.com.au
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