American multinational energy corporation Chevron on Monday signed asset swap agreements with Venezuela’s state-owned oil company PDVSA to expand oil production in the country’s Orinoco Belt, where the world’s largest accumulation of heavy and extra-heavy crude oil is located.
The agreements were signed on Monday evening during a ceremony hosted by “acting President” Delcy Rodríguez at the Miraflores presidential palace in Caracas. U.S. Ambassador Laura Dogu, who was present at the event, detailed on social media that Kyle Haustveit, Assistant Secretary for the U.S. Department of Energy’s Hydrocarbons and Geothermal Energy Office (HGEO), was…
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