Oil giant Chevron confirmed that it will expand operations in Venezuela after President Donald Trump announced an ambitious deal to develop the nation’s oil reserves and give the Pentagon a stake in the profits.
Chevron, the only U.S. oil company with a major presence in Venezuela, said Wednesday that it has been assigned additional acreage in the Orinoco Belt, where it has active operations. The company plans to invest more than $7 billion over the next five years, with the goal of more than doubling its current production to about 600,000 barrels a day.
4 Comments
pelespirit@sh.itjust.works · 9 pts · 4d
We are the baddies all over the globe.
bedwyr@piefed.ca · 1 pts · 3d
My we does not include the USG.
zeroclue@sopuli.xyz · 7 pts · 4d
That sounds like the opening text to a dystopian film. AI plus a military with endless pockets? The banality makes it a sci-fi authors wet dream.
FavouriteShapes@sh.itjust.works · 3 pts · 4d
Well there you go, the GAE just solved it's existential debt crisis