Chevron, Eni, and GE Vernova signed deals worth tens of billions of dollars to expand oil production in Venezuela, formalized on September 2–3, 2026, during a ceremony in Caracas overseen by U.S. Energy Secretary Chris Wright. The agreements follow a U.S. arrangement granting Washington control of roughly one-fifth of Venezuela's oil reserves.
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U.S.' Chevron, Italy's Eni and other foreign energy producers committed on Wednesday to major project expansions to boost oil output in Venezuela, in a signing ceremony in Caracas overseen by interim President Delcy Rodriguez and U.S. Energy Secretary Chris Wright. FRANCE 24's Maya Yataghene reports.
US oil giant Chevron, Italy's ENI and GE Vernova signed deals worth "tens of billions of dollars" with Venezuela, US Energy Secretary Chris Wright said Wednesday during a trip to Caracas where he and Interim President Delcy Rodriguez finalised the agreements.
Energy firms sign deals in Caracas, days after Venezuela agreed to grant the US control of a fifth of its oil reserves.
Venezuela signed energy agreements in Caracas overseen by U.S. Energy Secretary Chris Wright, days after Washington announced an arrangement giving the United States majority control over 17 Venezuelan oil fields with about 65 billion barrels of reserves, roughly one-fifth of the country’s total reserves [malaymail.com#1][manilatimes.net#1][lapatilla.com#1][abcnews.com#2][pbs.org#1]. The agreement